-- 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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All this proves is that gerrymandering works.
So did the erosion of election day. The long open window to vote, plus uncontrolled mail-in ballots helped.
The maps are insane looking – long and skinny districts starting in Chicago and snaking out far out into the suburbs. NY had the most gerrymandered maps in the state but they were struck down in court. So that made IL have the most gerrymandered maps in the country. It’s nothing to be proud of, Tribune.
Democrats took Democracy OFF THE BALLOT this election by drawing maps that elected only one party.