-- 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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Go ahead, keep fighting, we in IL can have our own fairy tale of the ‘lost cause’. Watch nearly all IL GOP seats disappear as districts are drawn to merge the south side of chicago, down I-57 for 270 miles straight into Centralia IL. Many are saying even congruity is no longer a requirement. You can literally merge hundreds of miles of cornfields in IL with …. Lakeview, if it results in the dilution of GOP votes. Every currently Red area will be piggybacked into Blue areas. There’s literally nothing stopping this now. SCOTUS said there is nothing the federal… Read more »