-- 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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Look up Corruption in the dictionary. Definition Illinois Politics
IL will never clean up voter roles. Mailing out voter cards to individuals to multiple addresses is another example. The Secretary of State should notify the election board when someone changes their address on their license, but they refuse to do so. Democrats won’t clean up the rolls because that is an obstacle to vote fraud.