-- 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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Assault weapons bad, assaults on citizens ok.
This is all bluster. Assault weapons bans are unconstitutional, and the reality is that there are too many assault weapons in the state anyways to effectively ban them. As for expanding abortion access, we already have abortion, so is he going to force women to have abortions, you know, like they do in China?
There’s not much he can do on either of these issues. He’d be better off just promising UBI or whatever.
Not an assault weapon, its a home,and family defense weapon.