-- 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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Having local elections coincide with state and federal elections would result in larger voter turnout and would help grassroot conservative candidates win. The local consolidated elections have lower turnout which makes it easier for establishment insider candidates, who often have a more dedicated voter base, to win. It would also make voting easier if local candidates were required to openly run under their party affiliation. Most local jurisdictions in Illinois have officially non-partisan races, even though most local candidates are in reality Republican or Democrat. Voters often must scour the candidates’ social media posts or campaign contributions in order to… Read more »
Because nothing ever changes.
No matter who wins or loses nothing changes for the better. Things only get worse.