-- 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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Let’s be honest, their vote doesn’t mean anything, because Democrats already have 100% of control all hispanic areas in the state. What difference does it make if a couple hundred thousand extra latinos vote here or there, when Democrats already control the levers of power?
And, as Edwin Whatshisname ad implies, IL now allowing( maybe) native born Texans to run for public office in IL.