-- 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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King Pritzker isn’t going to give up ruling by executive order until he absolutely has to. Frankly he’d jettison the entire legislative body permanently if he could.
Porky loves ruling by executive order. The legislative process is an annoying nuisance and could result in failure. When Porky wants something, he wants it Now! He must have been adorable as a child.
Its my understanding JB just signed Executive Order 2022-05 (COVID-19 EXECUTIVE ORDER NO. 100) enforce until 3/5/22
Included in Executive Order 2022-05 is extending Executive Order 2022-03 (School exclusion) which includes all the provisions about covid masking and testing in classrooms, etc. It’s my understanding without Executive Oder 2022-3 any kids can be admitted to schools without covid test, masks, etc
Pritzker needs to be held in contempt of court