-- Connecting the dots between our economy, government and business --
But on the streets of Rockford and Rock Island, the face-off for the open seat between Democrat Eric Sorensen and Republican Esther Joy King is being met by voters with stony silence. The low-key nature of the high-stakes contest playing out in their towns comes despite the fact that national politicians are paying close attention to the election, which is considered one of a handful of races that could go either way among the 435 House seats on the ballot in midterm elections across the country.
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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Sorenson was a Rockford TV weather reporter now running for a House seat. Ultra liberal, adores Pelosi and can’t see anything out of order with president Depends. Bad for the area, bad for the nation, just bad.