-- 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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“Taxpayer Freedom Caucus” “We’ve got to do a better job of giving people a compelling reason to vote for Republicans in a state that is naturally inclined to elect Democrats.” Bad politics coming from the party of stupid unfamiliar with Chicago area political thinking. Don’t get me wrong, I like it, but its no better than Mike Madigan sucks. The free stuff army up here doesn’t want you to have any taxpayer freedom. They need your taxes to pay for their salaries, healthcare, pensions and education. The rest of them up here celebrate infanticide and will never vote for a… Read more »