-- 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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Politico
Democratic congresswoman: Immigrant child deaths are ‘intentional’ Trump administration policy
By Ian Kullgren
May 22, 2019
“The House Homeland Security Committee broke out in a skirmish today after Rep. Lauren Underwood (D-Ill.) accused the Trump administration of intentionally killing immigrant children at the border.”
“When the committee returned, it voted 9-7 to strike Underwood’s comments from the record.”
https://www.politico.com/story/2019/05/22/lauren-underood-immigrant-child-deaths-1339399
Illinois is an embarassment. It is simply mind numbing how some of these people get elected.
Madigan looks for candidates he can control