-- 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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Children learned more and did better in school when these counties had one room school houses at the beginning of the last century.
When you scare away conservative-leaning students from a profession, you’re left with a liberal pool of workers who don’t want to work in rural areas. This is a feature, not a bug.
Spot on nixit.
Sorry, even tho IL tax burden is and has been among the top 3 of all US states, there is little money for services as a result of public sector Tier 1 pensions/medical.
Our political class refuses to even talk about Tier 1 pensions, let alone reform them as other states have. In fact, last year, our legislators imposed a extra constitutional amendment (Amendment 1) to protect them.