-- 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 northwest suburbs have traditionally been very conservative, only in recent times, though massive gerrymandering and get out the vote drives, has it turned more liberal. And by liberal, I mean whackjob progressive, not Biden democrat, but “hate has no home here” type of nutjobs. Interestingly enough, Highland Park (Which is not even a northwest suburb, it’s just north) is part of the NWMC, and that loonbag of a progressive mayor is against NWMC’s plan to decouple from Chicago. Those northern suburbs used to be Mark Kirk conservative but they’ve all done crazy left wing pink hat wearing moral authoritarians… Read more »
Mark Kirk was never conservative. He just pretended to be.
He still voted R most of the time. He voted against Obamacare.