-- 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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I don’t have an issue with this, other than to note there are over 50 high schools that are polling places and that, with the expansion of early voting and the window between the end of the school day and dinner time, I can’t imagine why you’d need to vote during school hours.
The small print probably says if you plan on voting “D” you get a hall pass. If you plan on voting “R” no pass. After all This is Illinois!
So true!