-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Super majority in the House and Senate. All major statewide offices held by democrats from the governor on down and yet they want to stomp on any possible voice of conservatives.
Most of IL population loss is Republicans. Between gerrymandering and loss of Republican voters, IL will become more of a one party dictatorship. More people will move out with the Democrats agenda. Got out in 2021 and decision looks better every day.
Just what the state needs. More lunatic Leftists at the levers of power.
Miller dutifully vomits up JB’s talking points and threats to Republicans to create the appearance of “journalism”. Miller is the poster child of the loyal and compliant Democrat Pravda media
Sounds amazing. Must be great to live in a super-majority 100% Democrat controlled state. A bit like Nazi Germany, eh?
After living as an expat in China for years there are some advantages. No pesky elections every year, no decisions to make, no god awful political adds. Then I repatriated home to Illinois and nothing changed.