-- 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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IL Democrats don’t want ethics reform. That would cramp their style.
No Dems want reform, hence the bed wetting over DOGE questions over just what all the money squandered by USAID and NGO’s was spent on, the firing of employees hired by Joe to boost his horrendous employment numbers, etc. Yes, there is grift on both sides of the aisle, but in many states ( IL in particular ) the Dems have elevated it to a form of art.