-- 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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Now cap donations from PACS to help stop JB from buying another election.
Democrats will crush this good idea. Democrat corrupt politicians want all the sources of cash and bribes possible.
I never have understood the reasoning why a regulated public utility would make political contributions. Perhaps someone could educate me because, to me, it makes no sense why these contributions would be made unless the politicians demand contributions be made.