-- 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
No, stop. JB is full of garbage? I don’t believe it… Not to worry, MA Ahern and her moronic peers will never hold Jabba hostage to his deceit and his buffoonish policies and acts…
Move along. Nothing to see here.
2. This gerrymander might be a dummymander because they’ve stretched a lot of districts pretty thin based upon assumptions that the suburban/exurban Democrat gains were permanent. As we’ve seen from VA and NJ, those seats may have been only rented as conservative voters who normally don’t vote are FIRED UP right now.