-- 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
Like fat man Pritzger is going to veto any legislation from the democrat controlled legislature?
So all the bad news about making up the huge budget deficits falls on the Dems. They can’t say they need Republican ideas or legislative help. All the tax raises fall on them. Let them sweat, republicans.
Was there ever any doubt there in the People’s Republic of Illinois? I’m sure the same democrats will solve your problems this time around. LOL
This is the same in every state. Nevada has 4 congressional reps. 3 are Democrat, 1 is Republican. Donald Trump flipped the state, he has an outright majority of votes with a four point lead. Incumbent Democrats still won all three seats. Close races, but they all still won. Turnout isn’t going to solve the problem of gerrymandering. Even in states like IL, an 8 point shift int the electorate isn’t going to flip house seats. The only thing that will solve the problem of gerrymandering is Democrat voters in gerrymandered districts switching their votes to Republicans. And not just… Read more »
Congressional Districts in Illinois look like a jigsaw puzzle yet nothing is ever done about that.
As of now (because western states are still counting) it looks like Republicans will gain a whopping one, single solitary seat in the House of Representatives. In the entire country. One seat. Despite the largest number of Republican votes ever. Literally, the most ever. We won the popular vote overwhelmingly and we took the presidency and the senate. And our prize in the House is one a one seat gain. That’s all. So it’s not just an Illinois problem. It’s a problem country wide. It is like this in state legislatures too. I read that only Michigan flipped one house… Read more »
It contributes heavily to extremism and division as well. Without the gerrymandering, libs would have to compete more for conservative votes and vice versa, which would be far more healthy.
Congratulations to the Democrats, who won the opportunity to work with no help from Trump Administration for the next four years, and with a gift wrapped $3.2B budget hole starting next year. Not to mention an arrogant, combative and incompetent mayor running the largest city in the state. They won’t be singing happy days are here again for long.
Gerrymandering works.
8 point shift to the right in the electorate … not one seat in the state legislature flips. Amazing how that happens. It’s apparently very much like this nationally too. Even in MI, the legislature is about to flip Republican after flipping a whopping two seats. Every state shifted far to the right, but gerrymandering did nothing to lessen the grip on Democrat state state.