-- 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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Democrats are hypocrites.
Democrats think it’s still 1980 — and voters don’t have infinite access to information. As if we don’t know that Democrats have been the masters of gerrymandering (much of it race based) for decades. This universal access to information (unfiltered by the Democrat-rigged fake news fraud media) explains why Democrats are seeing their lowest polling numbers ever.