-- 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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“And for the General Assembly, Democrats who controlled the process chopped and sliced up Republican-leaning communities, block by block, to weaken the chances of a Republican getting elected. The suburbs’ migration to Democratic members of the House and Senate, increasing that party’s majority and advancing its agenda in Springfield for the past two decades, is a direct result of gerrymandered map-drawing.” No wait, some posters here say that Jan S. and Mike ‘Q’uigly have their seats because they are very popular candidates with broad support in their districts. It has nothing to do with gerrymandering, and splitting up republican strongholds,… Read more »
An editorial coming from the LEFT leaning Trib.