-- 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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Beautiful.
The doofuses at Cap Fax think that Kinzinger can totally win the 3rd in a wave year, and maybe just a regular year, because Kinzigner is a moderate Republican in Illinois. Miller and the the cap fax clown car really do live a bubble and have ZERO idea what is going on across the aisle. Not one of them seem to understand that Kinzinger’s name is complete trash because he voted for impeachment. K has national name recognition among R’s and its NOT GOOD. They seem perplexed why Marie Newman’s map would be drawn and they believe it will be… Read more »