-- 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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This reads like it was written by an intern. Hmm..author…bio…oh lovely… “Logan Bricker is a master’s degree student in the UIS Public Affairs Reporting program working this semester as an intern for Illinois Times.” *sigh* With his extensive experience in Illinois politics, Logan suggests that the Illinois GOP become more of those ‘mavericks’ that Democrats love so much and seldom vote for. Darren Bailey should adopt a good portion of JB the Hutt’s destructive economic illiterate agenda and run as ‘Democrat-lite’ candidates. Logan, this has been tried in Illinois before. RINOs don’t bring out GOP voters, and Dem voters will… Read more »
The article discusses plans for rearranging the deck chairs on the Titanic.