-- 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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The dem machines #1 priority for redistricting is to insure judge kilbrides replacement to Illinois supreme court remains –100% anti-pension reform/ anti-constitutional amendment. Watch those districts responsible for electing kilbrides replacement to be shamelessly gerrymandered.
The citizens of Illinois who are fed up with the empty bipartisan rhetoric of Leftist Democrats are leaving. Democrats could care less – they like things this way. Illinois spirals down further into extremism. Illinois is such an outlier, and not in a good way.