-- 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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How many articles about how much good Madigan did for the state? Now The Toppling of Madigan”? Unbelievable.
LOL 78 seats with 55% of the vote. It wasn’t madigan, it was gerrymandering!
Smart cartography. Don’t hate the playa.
By smart you mean totally unfair, in fact, been called the most unfair district gerrymandering in the nation.
By smart I mean when either party is in power they will do their best to gerrymander to their benefit.
“Waaahhhhhh. It’s unfair that they gerrymandered.” Nothing more than babies whining.