-- Connecting the dots between our economy, government and business --
U.S. Rep. Darin LaHood, who represents the 16th Congressional District, said crop insurance, which protects farmers against drops in yield or natural disasters, has been on the chopping block the past. But as the No. 1 industry in Illinois, LaHood said, agriculture must be aided and protected.
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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