-- 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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Sounds like a confession.
This is yours and my test drive on the Socialist agenda. Fight it, and don’t ever vote for it again or we’re dead as Americans.
A lawyer (Lightfoot) disregarding a well thought out legal opinion of a judge. Honestly, I hate articles written like this. They never give even a sentence or two to the legal reasoning, and just get the “emotional” quotes that do not interest me. Lightfoot does not use legal reasons for why the ruling is wrong, but just appeals to emotion and fear. Also, the article says, “it’s not clear what effect the ruling will have on other Illinois residents.” Yes, it is clear: it means that Pritzker’s order is unenforceable, because he doesn’t have the power to do what he… Read more »
Does IL GOP not see this opportunity for what it is? There is currently a constitutional crisis in IL driven by the executive overreach of the governor and nobody is taking advantage of this crisis. Maybe it is only Rahm Emanuel who is the only one who doesn’t let a good crisis go to waste?