-- 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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The Democrats basically found slates that were union friendly, joined the unions in bankrolling them, then labeled everyone else running extremists. It was a bad year for the average sane joe with no connections to run for school board. No way to compete.
I am gutted that voters want to push forward this clearly nonsensical leftist agenda. It’s as if people have been blinded.
The progressives are organized and their voters receive ballots in the mail for every election. Turnout is guaranteed. But the normie person in the neighborhood didn’t even know there was an election.