-- 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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Trump got 40.6% of the vote in the state. Therefore, Republicans should have at least 40% of the representation in congressional districts which is at least 6 and possibly 7 seats in congress. But the new Illinois map gives Republicans only 17% of all congressional votes for a 14D-3R representation. And there is always the possibility that at least one of the R districts could flip (through late counted absentee ballots) to a 15R-2D. While this is completely unfair and undemocratic, Republican states are doing this too and it’s an arms race out there as to which state legislatures can… Read more »