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According to the Illinois Office of Tourism, the 24-foot-tall float took three months to build with almost 22,000 volunteer hours. The float also incorporated products from the state’s agritourism industry like pumpkins, corn, soybeans, lavender, sunflowers and prairie grass. It features the state’s official flower as well: blue violets.
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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