-- 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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I like Darren Bailey, even though he talks like he’s from Alabama. 🙂
I voted for Jeanne Ives versus Rauner, but I heard her on WIND a few weeks ago and was appalled. “Um…uh…you know…um..you know…uh…” A politician or government official needs to speak better than that (unless he’s Biden or Kamala).
I’m not thrilled about electing another Democrat Lite like Rauner, Mark Kirk or Bob Dold, either. A Pro-Abortion Republican?? Forsooth!