-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Fear not! Hillary is coming to campaign for the doughboy. With Hillary’s help doughboy can come from behind and just maybe eek out a win!
This is sick. Rauner is still polling at 27% of he vote! He should by all rights be in the high teens. And what is with the two third parties still not able to muster enough to establish their respective parties state wide. I get that Kash is a bit of a slimeball, but establishing those two parties statewide should be a goal for all voters to insure diversity of choice in future lower level elections. The latter point falls squarely on the heads of the voters. Wise up folks, vote for the third parties to insure choice in future… Read more »