-- 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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Funny how that works, fewer fake ballots, and turnout drops.
How do you get people to vote when they already know the outcome? There was no secret as to how Illinois was going to go. Do you think all those people that left Illinois were thrilled with the democrats? When all you have left is leeches, they are not going to vote for the person who wants to separate them from their host.
Hmm.. even having the coronation in town couldn’t gin up enthusiasm for the Dems product.