-- 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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For those interested in our historical system of checks and balances put in place by the Founders and with great stewardship was advanced over the decades as fundamental governance at local and state and federal levels, what Pritzker has done by granting himself ‘executive orders’ (rubber stamped by a super majority of his political party in the legislature) and then striking down individual rights is pretty darn scary. Honestly, I can only think back to when America was a colony of England when such malfeasance of liberty occurred.
The 7th Circuit is a pretty good and fairly conservative federal appeals circuit, all things considered. It’s the federal court of appeals for WI, IN and IL. It’s based in Chicago but hears all federal appeals from as far north as Superior, Wi, as far west as Galena, as far south as Cairo and as far east as Lawrenceburg, IN.
Slap the Dictator down!
He thinks he is God.
He can go out with many and protest but those that want to worship it is not right.