-- Connecting the dots between our economy, government and business --
Summary and audio linked here.
Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
Full interview and summary linked here.
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Sure, right – limiting donations is going to pass. NOT! What we need is a nationwide end to political donations, instead funding all campaigns with a fixed amount of campaign money for each public office. And a system in place to confirm no additional amounts are spent. Yes taxpayers would pay, but it would be a bargain and might yield a better class of politicians who will earn votes by appealing to constituents instead of donors. (I’m such a dreamer!) Any politician who overspends would be dumped from the ballot. Everyone would have to play fair. No more ballot buying… Read more »
City Council more likely to try passing unconstitutional limits/bans on donations from business/business allied entities and individuals