-- 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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Like hypertension, Taxwinkle the Tax Octopus with a tentacle in everybody’s business, is the silent killer.
“Will they do what they’ve done to Paul Vallas and sit on their hands when Reilly challenges Boss Toni, as the spider rubs her fingers in the middle of her web and laughs and laughs?Or will voters finally hold Boss Toni accountable and save their county and city and vote?” Elected officials are held accountable with every election. If the voters put Toni back in office they are stating with their vote that they are happy with her record. They are happy with her decisions and they would like more of the same please. If they vote for Reilly, they… Read more »
Really good interview. Does Reilly stand a chance against tony with such low-low voter turnout?
If voter turnout is low, it just means the voters are not that concerned with the outcome. Those that care will vote and their voices will be the ones heard.
you need enough voter turnout to top the vested public sector folks and family members (13% + family?). I’ll bet THEY have very high voter turnout and their unions make sure they vote….ditto for city, state, Illinois CRAZY 9,000 units of gov. Yup, after decades of acculturation most chubolones simply give up and except their sharecropper lot in life ILLINOIS STYLE!!. .