-- 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
New map coming out tomorrow. 14D-3R. Davis and Kinzinger out.
Keep in mind the ratio of D to R voters in IL is 3-2. Seats should be 10-7 with 41% of seats to Rs instead of 17%. democracy!
At least our neighbors to the north and east of us have worse ratios. In favor of R’s thankfully.
But Ours is a trash state swirling down the toilet.
Every state is gerrymandering to the extreme. Follow Wasserman on twitter. Indiana just approved a 7R-2D. Utah is 4R-0D with SLC split three or four ways. Arkansas is IIRC 4 or 5R and 0D. Maryland is purposely going 8D-0R, FL is going 19R-9D, NM is getting rid of their lone R seat for a for a totally D map, WI is looking like it’s going to go 6R-2D despite Trump allegedly losing the state by a slim margin. Texas is going 25R-13D. Every state is doing it, I don’t blame IL for doing it too with the suggested 13D-4R, but… Read more »