-- 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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He’s fighting for the middle class. He’s a champion for the middle class. I feel ill.
Yes, he is fighting for the middle class. But you cut off your sentence too early. He’s fighting for the middle class “to leave the state of Illinois for neighboring states.” IL doesn’t want a middle class. The middle class mostly votes Republican and is against abortion. There is no place in this state for us. We know there are at least 1.7 million of us because that’s how many people voted Rauner. They want us all gone. This is the policy, this is the ultimate goal. California became a one party progressive state by driving out the middle class… Read more »