-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Extreme gerrymandering in Illinois has produced a veto-proof supermajority in the state legislature.
Pritzker is the loudest cheerleader for the process that castrated the IL governor, leaving him powerless against the legislature. Strange.
The Democrat party is the opposite of Democracy
— a party that rigged all of its presidential primaries since 2016
— a party that conspired to rig the last 3 presidential elections
— a party that conspired to bankrupt and jail political opponents to win an election
— a party that sought to twist the 14th amendment, to make it illegal to vote for the GOP candidate
— a party that rigged every possible Congressional district and then cries “insurrection” when the GOP does the same