-- 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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Given the track record of Ill politiciand, my bet is that Ill politicians are doing little re IDES fraud…. …instead, they are spending time/resources i.e. using kiddy psyops to mess with the Ill republican primary and get republicans to vote in a candidate for governor that they feel is most beatable in Nov…a maga republican …ie a mailer from Il dem party or shell group—as a “public service” they tell you not to vote for a maga candidate (ie Bailey–cause he’s too conservative)….you say dems are telling me to do this—then I’ll do the opposite they recommend and vote for… Read more »