-- 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 only people excited about the progressive tax are progressives themselves; and while progressives are the majority on twitter, in the real world, they are a small portion of the far left wing of the Democrat party. My opinion is that the progressive tax amendment will fail, maybe even spectacularly. The last time the state put on the ballot the question of a constitutional convention, it went down in flames. Even the most liberal people I knew at the time were against it. One bleeding heart liberal I knew told me that there is no way he would ever let… Read more »