-- 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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It makes virtually zero difference if Republicans control the executive branch if the gerrymandered legislature is supermajority Democrat. Griffin needs another $300,000,000 to pull some dirty tricks in those down ballot races too. The new maps are corrupt, just utterly corrupt, not even political, just corrupt, making it nearly impossible for Republcans statewide to win most legislature seats without Griffin’s money.