-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Out ‘independent’ courts have removed ALL the guard rails and bright lines to districting resulting in a perverse free-for-all based on pure partisan politics, and the people be damned. Republicans in Red States now need to do the same, and then some – it’s what our Courts want.
Republicans are gerrymandering. Biden won our neighbor to the north, yet only 2 of the 8 congressional seats are going to Democrats. Wait until you see what they did with Ohio.
We’ll see how well these maps are gerrymandered. The now right leaning working class hispanics in suburban districts, combined with low voter turnout in a red wave year, maybe enough to turn a gerrymander into a dummymander. Just looking at the maps, it’s an absolute gerrymander of epic proportions. But those maps were so fined tuned using unknown data (2018? 2020? combo of the above? polling?) before the current environment really soured for Democrats.
Did anyone actually expect a different outcome, come on this is Illinois land of the most corrupt, greedy incompetent politicians in the country.
They just gerrymandered the state straight to hell. The exodus from Illinois will continue.