-- 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
DOA, meaningless, the law is clear despite these fascists inserting a stupid phrase saying it doesn’t apply. the fourth reich must be defeated!
So this won’t allow IL citizens to think for themselves. Bet they will when 2022 comes around.
Sorry for the pessimism but the next election probably won’t change anything due to the use of the COVID-19 era election laws passed earlier this summer. Remember Pritzker signed election law that moves 2022 primary to June,curbside and mail-in voting making them permanent. https://www.chicagotribune.com/politics/ct-illinois-election-law-signed-pritzker-20210617-nny7hp3fobgkdnaqyobrkrxwmu-story.html
Great post
Probably no one will listen though.
Illinois voters…um well yea etc
The general consensus is that the relaxing of voter laws leads to higher D turnout. However, in 2020, Republicans in CA used it to their advantage in some red districts and flipped a few seats back. Used the correct way, Republicans may be able to use it to their advantage….doubtful, but maybe