-- 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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Again, to repeat myself, all of the increased turnout in 18/22 exceeding 14’s turnout were straight ticket Democrat ballots. Every voter that showed up to vote in 2018 and 2022 that didn’t vote in 2014 voted a strait Democrat ballot. The 8% extra turnout in 2018 resulted in an 700,000 additional straight ticket D votes over 2014; and the 2% extra turnout this year resulted in about 500,000 additional straight D votes over 2014. The increased turnout in 2018/2022 over 2014 was not split pro-rata between the two parties like statistics or probability would expect. The increased turnout went exclusively… Read more »