-- 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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A few of our downstate counties had looked into the possibility of separating from the State of Illinois and joining with Missouri. The squelches got put on that right off so while McLean can enact what it wants but it is still in the State of Illinois and subject to many of the rules laid out JB.
I’m very confused ,which isn’t very hard to do. The entire state is a sanctuary state not just Chicago. JB’s Gubernatorial Emergency Power Proclamation for Asylum Seekers (migrants) applies to entire state, not just Chicago. Therefore, don’t all the counties and municipality have to provide all services and provisions listed in JB’s Gubernatorial Emergency Power Proclamation for Asylum Seekers (migrants) the same as Chicago? Where’s Kwame?? Somebody explain??