-- 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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The progressives HATE the southern 2/3rds of the state. They hate the people, they hate the farming practices, they hate the culture, they hate everything about dumb hick deplorable Illinois. The simple answer is to splitting the state into two parts to solve many of the state’s problems downstate/Chicago divide. A divorce, like West Virginia – an abolitionist part of slave state Virginia, split off, and 150 years later, these two are OK. But progressives can’t agree to that because it would create two more Republican senators so it’s a non-starter. So they’re just going to try to imprison you… Read more »