-- 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
“As is often the case in race-motivated litigation, critics charged the map-drawers with intentional discrimination.” Everything I disagree with is racism! “The Mexican American group contends that Hispanics represent 11.2 percent of the state’s voting population, but Hispanic districts make up “3.3 percent of the House plan, 3.3 percent of the Senate plan and 3.3 percent of the Assembly as a whole.” What right do Mexican Americans have to advocate for Central American or South American Hispanics? Who put them in charge? And also, so what if the state’s voting population is 11.2% hispanic, what percentage is here legally, with… Read more »