-- 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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Jelly Bean doesn’t have many options. He is finding out just how hard governing can be. As the Governor of a fiscal disaster, every choice is a tough one. His nickname will be “One Term” soon enough.
That’s wishful thinking. Every low information voter I meet thinks he’s “keeping us safe”. and the reality when the inner city Chicago districts report their votes late into the night in November 2022, it will be just enough votes to give him the win… I may never trust another election again.
How can people really think he is keeping us safe are people that naive, god help us all.
Honest people now only have one option with voting in Illinois. Voting with their feet at so many have already done.
Can you please be easy on him? It is his first job afterall… He has never worked before.
Disagree. Pat Quinn who was a disgrace as a governor ran against Bill Bradley. Quinn had so much baggage and anti Quinn sentiment that it appeared his days were numbered. He lost 99 of the 102 state counties but beat Bradley 90% to 10% in Cook/County/Chicago and won by around 15,000 votes and called it a mandate of the citizens. Pigster could commit a murder on live TV and he’d get elected anyway.
Keep your engines warm United van lines