-- 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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He threw half his base under the bus. I’ll write in Ives. Rauner is no different than pritzker on social issues. Correcting Illinois finances is hopeless anyway so why bother with rauner. I’ll vote on social issues for Ives to know I did the right thing on that front. Financially we are toast regardless.
Ives will be on the ballot. It’s our job to help get the word out that there is a Republican primary on March 20th.
Omg. Diminished capacity RINO .= Democrat! And I guess he’ll be the puppet of his SJW mrs.