-- 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
You can count on the ILLGOP- to ever make certain that they area permanent minority party with no real base.
It’s what they do best.
It’s what most minority parties do in highly partisan states. How’s the Indiana Democrat Party doing these days?
There is a plot point in a movie, a man is on a luxury cruise with 2 chess grandmasters. He bets them both that he can play each to at least a draw. They must set up boards on opposite ends of the ship and our man will walk back and forth between each game to make his move. The man simply mimics each move his 2 grandmaster opponents have made one against the other, so essentially 2 masters are playing each other (to a draw). This Illinois doxing law can work through the court system and become established case… Read more »