-- 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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I remember all the RECALL WALKER bumper stickers littering Madison like rats and roaches liter Chicago after the 2011 fight. Fortunately, the recall didn’t work and backfired spectacularly as he was reelected again in 2014. And Walker would have won a third term BUT FOR 38,764 Milwaukee absentee ballots for Evers magically appearing at the end of the night giving Evers a 29,000 vote lead, and ultimately causing Walker to lose. Crazy how that works, right? Walker has a statewide lead and suddenly all these ballots in a totally Democrat area show up out of nowhere? https://www.jsonline.com/story/news/politics/elections/2018/11/07/scott-walker-eyes-damaged-absentee-ballots-recount-decision/1918944002/ The same happened… Read more »