-- 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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“Is it because these children don’t look like children that are around you?”
Politicians have always been scum, and politician jokes have been around forever, so comments like this are not unexpected, but as much as I like Trump, his hyperbole unleashed a level of vitriol and nastiness unseen in american politics. Chuy just called the former director of ICE a racist who hates brown children. 10 years ago no politician would have crossed that line, but these days, every horrible accusation is routinely tossed out at the opposition.