-- 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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“Gerrymandering creates strangely shaped districts and uncompetitive elections, while at the same time shutting out the opposing party. Under our current map created by Illinois Democrats in 2011, Democrats won 60% of the House seats and 68% of the Senate seats in 2012, with only 52% of the vote in the House elections and 54% of the vote in Senate elections.”
Progressives argue for fair maps all the time, except, I doubt that’s what they really want. Because it would remove their supermajority in many states.