-- 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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Suburban Cook county should be allowed to become part of neighboring counties. Cook county goes little for suburbs, except tax them to support Chicago.
This is another reason why I think Trump or any Republican candidate for president in the future should concentrate their efforts in Chicago and Cook county to try to turn Illinois into a swing state. Geographically (but not populous) most of the state is Red but in Cook the population is more/mostly Blue. All it would take is to turn a few hundred thousand people from blue to red or at least purple to make the state at the very least to a swing one. Look at AZ. It was red for a while until many moved there and took… Read more »
Brandon Johnson is doing a fabulous job convincing a lot of Chicago that pulling the blue handle has consequences. Whatever Democrats (still alive) by November should have strong second thoughts.