-- 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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What? Then why did he throw Ives in a woodchipper of smear? She was his best replacement. Rauner got his policy from his wife, he was basically invisible.
“It was all a function of me being all in to win for the team for reform,” he said. “This has never been about me. This job has never been something that I’ve particularly sought in and of itself. All I care is that we save our state for our children and our grandchildren … me and my personal situation is irrelevant. All that matters is that the team win and that we get major reforms done and that’s what I’ve been 100 percent committed to every day.” This douchebag is totally delusional, as in he obviously needs mental health.… Read more »