-- 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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Tribune gets worse every day. The challengers ran on “conservative talking points,” this says, Awake IL is “far right.” Polls show most of the public agrees with most of the agenda of those challengers.
LOL they act like tens of thousands of progressives all just organically got together and voted for the progressive slates. The funding was ‘dark money’ not PACs. Email lists, grass roots organizations, facebook groups. All the progressives in my town are all part of the same organizations and they are on email lists: VOTE FOR THESE PEOPLE WHEN YOU GET YOUR BALLOT IN THE MAIL. And 60% of the voters who voted did.