-- 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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The hearing officer was not identified on the Cook County Electoral Board’s website. On Aug. 27, the Cook County Electoral Board rejected the hearing officer’s recommendation and said they believed they should honor Noll’s ruling. Kudos to the Election Board for rejecting the Democrat lackey hearing officer. This law was unconstitutional from the get go and these lowlifes, Welch, Pritzker, Kasper just keep doubling down. When someone tells you who they are, believe them. They had no problem applauding a backroom deal to install Harris in the manner that this law clearly targets. Not surprising, they still have the ability… Read more »