-- 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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Benedict Rauner is Toast.
I am saddened to see Rauner is polling this high. I would really like to see him come in at the high teens. I am also surprised by the gap between McCann and Jackson. McCann has done nothing, I have contacted is campaign 2x, offering to do some walking for them in my precinct and they have yet to respond. That tells me a great deal about their seriousness. McCann should be targeting an easy 17-19% if he extended a bit of effort. He has union support and could solidify the law enforcement and firefighter votes fairly easily and he… Read more »