-- 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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This is the worst bill to come out of the recent General Assembly session as it limits the ability of Illinois citizens to fight unconstitutional state laws to the two county courts in Illinois most tightly controlled by the political establishment, Cook and Sangamon Counties. This is a liberty loathing, tyranny loving bill that allows the political establishment to easily dismiss any lawsuit challenging their laws which they find “frivolous,” which is what they call any opposition to their tyranny. This law was passed as a response to the success that Illinoisans had fighting the state imposed covid mandates and… Read more »