-- 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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Amendment one must have failed miserably.
Hey everyone, two more weeks democrats are still accepting ballots.
There’s going to be a whole lot of stuffing going on, democrats have got to pass the amendment 1.
It would seem to me WE THE PEOPLE OF ILLINOIS should have gotten a chance to vote on the deceivingly worded Safe T Act, since this is going to affect our lives greatly!
Amendment 1 passed. It is mathematically impossible for it not to pass now. There are currently 2,113,534 yes votes. That’s already more than 50% of all ballots cast plus any ballots mailed and still not turned in. There is no cheating going on just following the rules of counting votes. God bless America.
Oh, they cheated!