-- 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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Big talk from a bigger man. Good luck on those presidential aspirations as you show the country the ass you are
Yes, Democrats are hypocrites. Let’s not forget that this current go round started because of Republican desperation to use gerrymandering to cling to power in the midterms. No one is a saint here. Now the Democrats are hastily undoing any moves that were put in to soften gerrymandering.