-- 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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OH MY GAWD!! All 3 republican voters in Cook County are devastated!
He is drinking from a Bear’s mug, LOL, there are 17 Bears games in a season and 17 commissioner seats on the Cook County board. The Bears last season at 5-12 won more games than Republicans won county commissioners, with only 1 Republican.
Morrison is sole Republican CC board member. Does Tony get to appointment dem?
No. Replacement will be elected from County Republican committeemen with weighted vote based upon primary vote numbers. Just as Democrats vote for Democrat elected official replacements from Democrat committeemen weighted vote.
Good riddance!