-- Connecting the dots between our economy, government and business --
Ted joined Jeff Daly to talk about the cottage industry of school officials, unions, lawyers, construction firms and more that work together to pass multi-million tax and bond school district referendums, why the spending on unreliable, expensive EV buses might be headed to your school district, why the EV push is an example of why governments are terrible at picking winners and losers, and more.
Read more from Wirepoints:
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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And where does the money come from for trying to pass a referendum? Think about that. Now where does the money come from to oppose a referendum? From the same source of course!