-- 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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There’s more action in Harvey.
Although there were 7 candidates listed on the February 26, 2019 primary ballot, there’s currently no candidate names listed on the general election ballot on the Cook County Clerk website.
The following from today’s Chicago Tribune:
Cook County investigating reports of voter fraud in Harvey
by Zak Koeske, Daily Southtown
https://www.chicagotribune.com/suburbs/daily-southtown/news/ct-sta-voting-fraud-harvey-investigation-st-0308-story.html