-- Connecting the dots between our economy, government and business --
"We have no luxury to say, put the remap reform on the back burner and get to it when less pressing matters compete for time and attention. Reality is, if gerrymandering is to end in Illinois, Gov. Pritzker is one of the few people with the power and influence to make it happen. And reality is, if it's going to happen, it has to happen now, in the next month."
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
Pritzker’s only powers are those he is allowed by his owner, Mike Madigan.