-- 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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Thank God they retained veto proof supermajorities, they are doing such an unbelievably stellar job. Where would we be without them?
A quick look at the voting results map shows us that the only blue counties in IL are chock full of welfare recipients and guilty white lib types. The rest of us clearly feel differently.
That’s how far the GOP has fallen in Illinois. They are happy they only lost by the same amount as the last shellacking the democrats gave them. Do you know what supine is?
It’s like this in every state. Literally every state. The US Supreme Court said a few years ago that gerrymandering was legal because it was an inherently political decision, so legislatures drew maps to benefit the one-party state. Illinois is no different The state swung 9 points to the right but the closest Republicans came to flipping a house seat was 11 points. That’s completely, utterly insane. But Again, like this in every state. The only way to change Illinois is to either get the Democrats to vote Republican (not happening, no amount of crazy will make them reject the… Read more »
Ummm…
Gerrymandering works.