-- 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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Repeal in whole. Politicians who go against the safety of citizens need to step aside, forever! Jail the criminals and throw away the keys!
My skeptical & cynical nature tells me this (and a lot of other legislation) is purposely designed to cause lawsuits, enriching the lawyers, many of whom are or were politicians…
Repeal and replace.
One of the better commentaries I’ve read on the SAFE-T Act. Violates the state constitution twice: single-subject rule and attempting to re-write a clause via the Legislature. All 3 authors worked in a legal or judicial capacity. The criminal justice system in Illinois may very well be in need of adjustment and change. But the SAFE-T Act is not constitutionally sound and contains provisions that do not protect the public. It should be repealed. A new law should be introduced with provisions that are rational, constitutional and in compliance with the single-subject rule.Legislators and the governor should follow the state Constitution… Read more »