-- 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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Who knows how much lawyers associations, trial lawyers, aba lobbied for all of jbs new onerous employee discrimination/harrassment protection laws,,a gold mine for lawyers$$$, sure all the gov employees will be filing majority of suites on tax payer dime with cc worest rated judges in nation. Is there any better state to be a lawyer? Who in there right mind would start a business in Illinois/cc?