-- 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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Republicans have been reduced to bystanders, clowns really. They have no ability to introduce or pass anything, influence the governor, Madigan and who ever replaced Cullerton. They have no coherent platform that unites them or their shrinking base. At a time when it is clear that the governor has gone way beyond rational limits and creating CRIMES without legislative input the Republicans are missing in action. There is Identified leader who excites the rational public with a coordinated communication strategy to go around the media to the voters that would realistically restore this place to sanity. They barely can get… Read more »