-- 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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No body wants him. IL is not a southern state.
Baily is out of his frigging mind. The only reason he won the nomination four years ago is that Pritzker spent like $35 million to get Bailey nominated because Bailey would be so easy to beat. Nobody would give money to Baily now including Uhline. https://www.stlpr.org/government-politics-issues/2024-01-10/illinois-politics-marred-by-deep-pocketed-self-funded-candidates-and-dark-money
will JB be backing Bailey with $10s of millions again to keep Ted off republican ticket?