-- 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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The big question is whether dems will embrace or distance themselves from Brandon Johnson’s radicalism. So far, it appears they are comfortable with it.
Most centrist Democrats have seamlessly adopted increasingly nutty progressive ideology without any qualms. Most seem to embrace the next current thing, whatever that may be. I’ve known this for years, but when I showed up a BBQ last year with old friends I hadn’t seen since before covid, it really hit home. The AWFL moms and their soyboy husbands sat around the table drinking wine and talking politics, something I’ve never done with these people before. They were ripping on their own parents for being ‘out of touch’ with gender ideology because they have in-laws that identify as non-binary. The… Read more »