-- 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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Right on Debtsor! About 35 yr ago the IEEE Institute of Electrical and Electronic Engineers pulled off the same stunt when a gadfly working stiff was nearly elected president. Just like the NRA very few members actually vote for officers. This enabled the engineering professors to keep their classes full regardless of the employment prospects.
There’s only one purpose of ranked choice voting: eliminate Republicans and elect Democrats.
ABSOLUTELY!!!