-- 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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More Justice at a court in Communist China than Illinois. Imagine the judge saying ‘economic devastation’ is Ok if the Governor by his own whim declared an ’emergency’. Reasonable, common sense is not part of these Illinois courts. Complete disgrace.
In IL, judges are part of the Democrat party and Democrat system; and they exist to adjudicate the laws in favor of the Democrat system. There are no instances of Democrat elected judges, in any situation, ruling against wishes of ruling party. The fact that they alone, three appellate court judges, decided to ‘weigh the equities’, a nebulous standard at best, shows that the law is irrelevant, and only adherence to the party’s collective ideology matters. The equities themselves require a subjective judgment underpinned by assumptions that the ideology of the democrat party system is valid and reasonable, which it… Read more »
Corruption at its finest…
The plandemic is over Appeals Court in case you did not know.
Socialism and communism=no private ownership of property,only collective. What they can’t steal by making a landlord go bankrupt,they’ll send their thugs out to loot,and burn.
“balance of equities” test….never heard of that test.
Can we use that test to stop paying retired Streets & Sans worker Frank in Naples his $100k a year pension?
Rent is retirement income too.