-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Bloviating and gaslighting about President Trump and Elon Musk is all the DNC has at this point. The success of this strategy can be measured in their polling numbers, just below Dysentery.
Actually fixing Illinois will require what used to be called ‘political courage’ and Illinois political animals are all cowards. Illinois is doomed.
“Actually fixing Illinois” – Democrats don’t think there is anything to fix. They don’t even talk about structural inequities or crap like that anymore. JB touts the state like it’s an island of progressive values in a sea of deplorable religious zealots for hundreds of miles in any direction.
Democrats like the state just the way it is. It’s difficult for conservatives to accept this because it’s so absolutely insane, but it’s true. Democrats don’t care the unions run the state: to them, that’s evidence the working man is getting a fair shake. Democrats don’t care we are the abortion capital of the midwest: they believe they are doing good by killing babies. Democrats don’t care about the pension mess: They believe it’s not really a problem at all, and as PPF says, we just need to tax the rich more. Democrats don’t care that little johnny can’t read:… Read more »
Il is a mess and Dems don’t want to focus on what’s having this state.