-- 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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Gerrymandering is WRONG whenever it is done.
Small distinction IMO.
Only a simpleton like his Largeness would make this distinction.
Right, and it’s now a massive problem. Blame the Supreme Court for taking hands off. They punted on the issue, saying it’s a political dispute and not for them.
“We ginned the game when it was proper to do so, not when we felt we needed to.” explained the ballet aficionado.
Rahm is entitled to his opinions, as wrong as they so often are, but state legislatures alone should each decide when and how they redistrict. Every ten years may work fine when and where intrastate population changes are modest, but many states have seen enormous intrastate population changes since the COVID pandemic began.