-- 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
The National Republican Party needs to get more involved here, and help the feckless Republicans. No more Allen Keyes running against Obama for the senate. It really won’t take that much effort to move the needle here.
The RNC needs to have qualified candidates. They also need to infuse funds to combat Pritzker’s billions. RNC needs to stop writing off IL constituents and investigate the Dems corruption.
Gerrymandering also has a downside that few discuss regularly. Republicans won around 44% of the vote and only have 3 of the 17 seats. Yes, democrats gerrymandered the state to gain more seats but they also made more districts competitive or at least possible for the GOP to capture. If Republicans could improve their statewide performance from 44% to 50%, they could capture the governors office. If they improved 6 points in each of the current gerrymandered districts, they could gain about 7 seats and control 10 of the 17 districts. Gerrymandering isn’t stopping change in Illinois but rather the… Read more »
I don’t think that Mr. George understands the dynamics of a state such as IL that has gerrymandered Dems into power and stays under the Dem thumb through its largesse to unions and lifelong welfare recipients.
Yes but for a Governor or Senator, gerrymandering is irrelevant.
I like this guy! Let’s do this!