-- 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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What is Jabba hiding?
Jabba is likely innocent of these discrimination charges, but I do enjoy watching him squirm, because Democrats and Democrats alone bear 100% of the responsibility for the Plaintiff friendly legal environment in this state.
If his lawyers are trying to shield him and Stratton from depositions, it just says out loud they are guilty of something or know something. How does one think there titles put them above the law, strike 2 Pritzker will you be the next governor to go down memory lane. Somebody found out something, all the money in the world can’t save you, or maybe it can it won you the election.