-- 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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Many stores are stating they will not sell a firearm or ammunition to law abiding citizens in Illinois once they are given a “grace period” letter from the state due to their FOID card being run out of time.
We paid over 30 million in fees for concealed carry and FOID in this state and they used the money for their foolish errors of spending. Put the money back in, fund the program and get the cards renewed now, this is their only recourse.
All by design to allow only the criminals to have weapons.