-- 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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She should leave her daughters at home
Do it! Tammy Duckworth is really unlikable and she has a bad case of TDS, a really bad case too. I appreciate her valor and her sacrifice and all, but that is separate from her craziness. She had her second child at 50! She’ll be collecting social security when her kid turns 12. I’d say the same if it were a man having a child at 50 too. Children are not vanity projects for sitting senators. She’s nearly geriatric.