-- 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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After all these years the Chicago Tribune finally sees the light on gerrymandering! Hmmm, it’s too late to change the lopsided demographics these maps have created in this state. The media, including the Tribune, are responsible for it.
Lately, it is rare that I agree with the Tribune on anything, but they nailed this one. Too bad nothing will come of it.The Trib might as well have suggested that organized crime disband (which is basically what this editorial does).
So maybe it’s not the voters’ fault and what the voters want? Another talking point bites the dust.