-- 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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70,000 more votes for Republicans than Democrats in the IL house in 2022, yet, a Democrat supermajority?
Say the line PPF:
“It’s the will of the voters”
So true. An area near Rockford, Illinois is part of a district that snakes across Illinois from the Rockford area to the Mississippi River with some sections only being a few hundred yards wide. Why? Makes no sense and violates the compact and contiguous requirements. The Pritzger bought and paid for Illinois Supreme Court kneels at his feet for their instructions while proudly proclaiming they are adherents to the law and would not allow politics to influence decisions. Corrupt, period. Justice for Illinoisans only counts if you’re a democrat.