-- 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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These 51% JB approval and 52% Durbin approval show the true level of Democrat support in this state. Statewide, Illinois isn’t nearly as blue as people think it is. Gerrymandering has destroyed the IL GOP and decreased turnout, because quite frankly, Republican votes don’t matter one bit in gerrymandered Democrat districts. Democrats have silenced and erased the conservative voice despite being barely more than half the state.