-- 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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Just look at the name of the Act “Protect Illinois Communities”, as well as the “Safety Act”, both are Doublespeak. If the governor and legislators truly wanted to protect Illinois communities, their people and businesses they would keep convicted law breakers behind bars and punish convicted criminals with appropriate sentences. Instead, the legislators and governor enact laws that have caused anarchy on the streets, taken away our rights to protect ourselves, our homes, businesses and have tied the hands of the police from doing their job. The criminal is the protected class. This is a sick state of affairs.
The last section or paragraph of the Federalist No 46 should be studied and perhaps used in the arguments to the U.S. Supreme court. There is no reason to approach the Illinois Supreme court bought and paid for the the Pritzker financial machine that now rules this State. It is by no means contrary to think that Pritzker believes himself to be the owner and ruler of Illinois and if his ambitions do not stray to the Federal Level, Pritzker intends on keeping the Governorship forever and it is sad to say but the voting machine that the Public sector… Read more »