-- 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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Crazy how the communist Toni Preckwinkle last election won 15 of the 17 seats for Democrats. But she wakes up the next morning angry that there are two seats she has not yet won. So she draws new maps and pumps hundreds of thousands of dollars of Madigan’s money into the races to win the last two. This is the definition of a communist – never happy, always looking to destroy. She wants all 17 seats for Democrats even though Republicans make up 25% of voters? Where’s the Democracy Toni? Where’s the Democracy?
Super majority in the city council, super majority in the Cook County board, super majority in the state House, super majority in the state Senate, Republican seats mean absolutely nothing.
Cook County is a lost cause — it is the filthy crime infested cancer that is killing the rest of Illinois
But, never give up trying to clean up the infestation!
Stories like this demoralize me.