-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Ah, a bunch of privileged attorneys from the best law schools and largest law firms are nominated to the federal bench. All of them in their ivory towers. But that’s unimportant to our IL senatorial delegation – all they care about is whether their female judge nominee is married to a man or a woman. Ridiculous how identity politics are playing into federal judicial nominations, when really, the issue is why it’s always the same law schools and same law firms that produce federal judges. If you really want to break the cycle of privilege, start nominating judges outside the… Read more »