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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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HB2412 – HOW THE ILLINOIS LEGISLATIVE PROCESS OPERATES 1. Illinois lawmakers swiftly transformed a Child Welfare Bill into an election bill in just two days of legislative sessions in Springfield.2. The legislative move sidelines the democratic process in favor of quick legislative changes that favors the Democratic party. 3. Republican officials criticize the changes as an attempt to stifle voter voices triggers a lawsuit.4. Democratic lawyers argue just because a trick is “dirty” doesn’t mean it’s not within the authority of legislature to pass. 6. Outcome: The Democrats can do whatever they want, damn the citizens. FOLKS, WAKE UP. (Thank you Wirepoints for keeping the… Read more »
And we all know the outcome from the HIGH court, so why even bother.
Communist Democratic Party.
DITTO