-- 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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We all know the politicians got backdoor money to pass legalization on sports betting. Will that be taxed as well ?
Another embarrassing fumble by the Bears. They just don’t get it when it comes to government, public relations, lobbying, or asking nicely. Ask anyone who was familiar with their Springfield effort this spring, and they will tell you it was flat out sophomoric. They are too cheap to hire good lobbing talent. Their idea of asking is to claim they are “owed.” And their PR apparatus is unable to generate any public support. An all around last place performance–again.