-- 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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This article is nonsense, complete garbage. A feckless and non-existent opposition party is the norm in most states in America today as the Great Resorting continues. Just this weekend, hung out with a friend in suburban Cook County. My buddy’s neighbors just moved to Kentucky and the new neighbors were not one, but two formerly central American families that pitched in to buy the single family house. The Republicans are leaving for Republican states and the Democrats are importing voters. These are issues beyond what Illinois Republicans could even control – as Chicago attracted childless college educated cat-ladies and illegal… Read more »
Iowa is the state I neglected to mention flipped red by 18 points in 12 years…
Dead on. The worst thing I think that ever happened to the Republican Party was the invention of the word Rino.