-- 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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“I’m going to hold the governor and the speaker to their words that they want a fair map.”
And, exactly how do you plan to hold them to their word, Rep. Durkin? Because I’m not at all convinced you can do anything about it.
“to the victor goes the spoils…”
How about you say: IL is not democracy with Democrats in charge of the maps. It looks like democracy but it’s not. And deep down, we all know that’s true.