-- 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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My wife and I made the decision to stay home on Election Day, not worth voting in Illinois anyway, nothing changes and the elections are bought and paid for before the ballots are even printed. Your health is not worth your vote here.
Poll workers dying from this is a tragedy. I remember Wirepoints and commenters talking about how poll workers are mostly elderly, and that they were greater at-risk for this virus.
Aside from the sadness of this, I wonder when the lawsuits will happen, because the employer (State of Illinois) knew of these risks to their temporary employees, yet persisted in the name of politics. It won’t take but a few enterprising lawyers to set this new cottage industry up and going.
The corona virus will be setting new case law for many years to come.
This is Jabba’s second major scandal in office (the IDES failure is the first major scandal). “The incumbents must get their votes!” and now poll workers are dying. But nary a word in the news media about this incredibility stupid decision. Gov. Evers in Wisconsin sees our debacle and doubles down on it for political gain, and after months of refusing to work with Republican leaders to postpone the primary, he in overlydramatic fashion, cancels the primary the day before, only to be overturned by the state and federal supreme courts. This becomes, quite literally, an international news story, about… Read more »