-- 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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Why isn’t Pritzker’s nose longer? Nothing that comes out of his mouth is truth.
So if it’s proven that the budget is not balanced and violates the Illinois constitution why can’t the taxpayers and businesses file a class action lawsuit against every signal legislator and Pritzker
IL courts have too often told us they just don’t care about that provision, and it is indeed vague.
I don’t know the process but I think it’s time to take this beyond Illinois courts and to maybe a federal jurisdiction. This crap has to ultimately stop some how some way, it must end.