-- 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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The one good thing is Rauner thoroughly outed Erica Harold for those too stupid to see she is simply another twisty, Romney-type:i.e. I’ll be anything you want if you simply elect me type of politician. Rauner never would have asked her if Diane wasn’t sure E. Harold was as far to the left as she is, hence she gave Brucie permission to ask her.
Being moderate is equivalent to just being another liberal when it comes to Illinois. Run a real conservative for once and see if the voter apathy might just disappear.
Just sayin…
Why would anyone want to take advice from this loser? His ego is out of control.