-- 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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Steve Cortes just endorsed Bailey on 560 and wants Trump to endorse Bailey too. IDK, my ‘moderate’ neighbor who bounces back and forth between R/D and votes for the candidate, not the party – I just don’t see him voting for Bailey in the general. Bailey doesn’t need to convince me to vote for him. He already has my vote if he wins the primary. He needs to convince the handful of independents in the state to vote for him. JB convinced them last election. I don’t know if Bailey is that guy to convince them this time around despite… Read more »