-- 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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Erika Harold is the non-conservative, Illinois version of Ted Cruz. She has the same problem Ted Cruz has,they both come across as slightly off,as the person you would feel uncomfortable having a beer with, they both have a slight ick factor. That ick factor translates into some folks abstaining or looking at the other candidate more closely. It simply shaves a badly needed percent or two,enough to make a meaningful difference.
Erika Harold just needs to go away. She will always be a troubled candidate. People just don’t really warm up to her.