-- 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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Indiana Dems are as stupid in Indiana as they are nationally. Dems always complain that not enough is spent on higher education – so the state proposes to put $300,000,000 CASH into higher education with new buildings, new schools, fixes and the like. But this isn’t good enough. They want to spend the money on higher teacher pay instead, which gives the taxpayers nothing, but only increase teacher’s pay in perpetuity. Lincoln’s only mistake was not completely destroying the Democrat party when he had the chance. He let them survive an the Dems impeached his successor and have continued to… Read more »
A complete embaresment for all Illinois pols