-- 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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Democrats to Chicago’s West Siders: Go out and vote Democrat in November or else. You have no need to know what are plans are you…..
The irony is that other than at the federal level (US rep & pres), there won’t be any Republicans on their ballots at all. I live in a purple area and it’s a surprise to see a token Republican in a race get 25% of the vote. I could only imagine on the west side, that votes D+90, that Republicans get on the ballot at all.
They’d better get used to it. Wait until the powers that run and profit from the United Center begin tearing “ da hood “ down to accommodate their Disneyland visions.
And yet these same West Side voters will overwhelmingly vote straight democrat at the next election.
They don’t have any choice. Most races have on Republican candidates and the republican Party doesn’t even bother slating people in D+90 areas. Democracy in action!
That’s because your NOBODYS! How many times will you have to be told?!