-- 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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It is called steal every forthcoming election.
There will never be another fair and free election in America. Not now.
I don’t support this bill at all but I have an alternative take on this. At least the state legislature is formally addressing it as it should and not an unelected state bureaucracy unilaterally as seen in other states (WI, MI, PA). I truly hope those state legislatures strengthen their election protocols to ensure what we witnessed in 2020 never happens again.
HB 1973 proposes only demoncrats be allowed to vote. Its expected to pass in the Illinois legislature
Anyone who is not a dem might as well end all hope in IL that they have remaining in this state.