-- 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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Instead of respecting the courts and the judicial system, he brought out his prepared statement blaming the Plaintiff and accusing him of putting peoples lives in danger. I’ll bet he didn’t know that the TRO only applied to the Plaintiff and if he did it made his statement even more reckless.
I’m not an attorney, but I believe that a ruling like this by a transference principal applies to everyone in similar situations, even if not in the strictest legal sense. Since we are all residents of Illinois, there is no reason why this ruling would not apply to everyone in Illinois, if everyone in Illinois were to individually file a lawsuit. In fact, courts encourage this type of legal transfer to specifically prevent everyone from having to file a similar suit. It is now case law, and the courts use precedent to apply to similar cases, unless overturned by a… Read more »
Gov Pritzker broke the law – his extension of the E.O. is illegal. He knew that, but went and did it anyhow. Pritzker is a menace!
and then he blasts the Plaintiff for winning! Called him irresponsible for winning!