-- 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
Is Ives going to be registered as a write-in candidate in each county so the votes actually count?
Rauner is very good at destroying his own party yet he complains about conservative opposition entering the race? Maybe he should have tried being a conservative himself? Besides, Ives is still going to get more write in votes than this third party he’s so worried about now. In both governing and in campaigning rauner has done nothing to convince me he’s a conservative. Besides the state paid abortions and sanctuary, He couldn’t even debate Ives on real conservative stands. So he trashed her with a fourth grade tactic, labeled her as a Madigan supporter. And in that low-intelligence campaign he… Read more »