-- 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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But will he draft a slate of well vetted candidates, fund them properly, and run them for offices from the top all the way down to the local dog catcher, all unified and running on the same message of pension and tax reform?
Or will he issue facebook memes about how fat man bad?
The last time the IL GOP had tens of millions of dollars from Rauner, I have no idea what happened to any of it.
He’s another RINO pos like kinzinger.
How can we get Debstor to run the ILGOP? You’ve got my support!
Never my friend, never. I’ll always be the guy behind the scenes.