-- 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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““There’s constant attacks going on, we’re under constant threats every day,” said Illinois elections board spokesperson Matt Dietrich. “With Russia, it wasn’t just targeting the Illinois State Board of Elections or even necessarily targeting election officials nationwide; they were trying to get everywhere in government, because their goal ultimately was to undermine confidence in government. It’s specifically effective if you undermine confidence in the election system, since that’s foundational to everything.””
Translation: Every time a Republican wins anywhere in the state, it’s a result of ‘Russian’ interference in our election. Orange Man Bad.”