-- 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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Pritzker and Democrats made voting less transparent – there is no visual inspection of your vote available anymore (like there use to be) once scanned into ‘the machine’. One can only wonder why this safeguard was removed.
My confidence was shaken when our Clerk of the Court, decided it was a good idea to spend money on mailing out nicely printed color pamphlets to every household for purposes of soliciting voters to request a mail in ballot.