-- 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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Tammy Duckworth, the do-nothing senator from Illinois, gets vanity piece in women’s magazine.
Duckworth seems to be a two-issue senator: first, getting reelected, great gig, great benefits; second, periodically “advocate” for disabled women’s rights.
Has Duckworth ever accomplished any legislation that truly benefits her constituent voters?
No
How many times has Tammy voted against a Biden initiative?
Don’t believe ever