-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Unfortunately also sounds like the Biden administration using Harris for there gain.
It’s so obvious someone from O’Fallon figured it out. The Democratic machine has rendered you irrelevant and a capon.
Few care because there’s nothing anyone can do about it. Polarization and geographic self-sorting has give legislators easy maps to gerrymander. It’s a problem all over the country. It’s much harder to gerrymander when a district is evenly mixed R & D and are neighbors on the same block. These days the most extreme D neighborhoods are D+95 or more and it’s easy to mix and match D and R areas like puzzles. The good news though is that every indication this far out is for a red tsunami unlike anything we’ve ever seen, even bigger than the tea party… Read more »
Of course it is cherry picking. Illinois high schools do not have the courage or ability to teach the truth. Through partisan map making controlled by one party, the politicians choose their constituents. The high schools teach that we elect the politicians. High schools do not teach the truth. And of course a civics class twould never mention that Pritzker lied when he promised that he would not let this occur on his watch. He signed off on a map he campaigned saying he would not sign off on.