-- 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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When did the voters vote for sanctuary status or did they just vote for the candidate who made this law? If they voted for the candidates how are voters supposed to know what the pols will do when in office.
“If they voted for the candidates how are voters supposed to know what the pols will do when in office.” Based on their policy platform when they ran for office. If they don’t vote the way their constituents want they are free to throw them out of office at the next election. These voters weren’t against sanctuary status when it wasn’t in their backyard. Now the voters are getting exactly what they wanted their neighbor to deal with but instead it’s their problem now. Is this issue big enough to change their voting habits? If not then they are getting… Read more »