-- Connecting the dots between our economy, government and business --
Politicians who glibly cite the true wishes of “the American people” as the motive for their actions are also simultaneously congratulating themselves for their insight. I think of four Illinois politicians nearest, though far from dearest, to me: Tammy Duckworth, Dick Durbin, Jan Schakowsky and J.B. Pritzker. A smarmy plea for unity rings especially false at a time when the country is so deeply divided.
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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This guy knows what he’s talking about.