-- 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 sound like a broken record here. But I’ve been saying this since this election cycle started. 700,000 new Democrat voters showed up in 2018 to vote for JB. He got over 2,000,000 votes where no other IL Democrat has received more than 2,000,000 votes in modern history. It was like this for D candidates up and down the ballot, but he was at the top of the ticket. We have to dig back deep 50 years, to 1972, when the Gov was elected during presidential elections (instead of midterms) to find the last Democrat to receive 2,000,000 votes, and… Read more »
Yes. Trumpeter did an excellent job mobilizing Democrats in Illinois.
Define ‘mobilize’.