-- 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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I am not a lawyer but I am married to one so I have a little familiarity with the process. On the one hand, you can vote NO on retaining judges; but on the otherhand, the Cook County Democrat Party slates the judges, and they’ll just end up being replaced with some other political appointee. The most important criteria for a judge to be slated is fealty to the Democrat Party (which is why no judge will ever cross the D party line w/COVID) and secondly, diversity. Outdated and eurocentric ideas of merit based on experience, judgment, credentials, none of… Read more »