-- 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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This will change when a politician himself or herself or a family member is a victim of a crime directly related to the stance that they are taking.Then they will all scream holy hell omg how could this happen,Then look at the man who is governor of Illinois, then everyone of you look yourselves in the mirror and say, what the hell did we do. Until then we the people of Illinois are in more danger than we realize by these bad decisions that are being made by Springfield.
We’re is the states attorney Mr Raoul at. Maybe I’m wrong but isn’t it your job as states attorney to uphold the Constitution of the United States of America, and federal laws. Are you not in violation of the law, just wondering.