-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
These 3 months have proven to Illinois companies that their white collar work gets done just as well with folks at home. So maybe those companies should close their Illinois office buildings? People can the move and work from anywhere. Screw Illinois.
Dumbing down, just as predicted.
The guy who knows how to run a buffet line, and little else, is questioning the judiciary? Really? JayBee, all you have done is seal the deal for those of us who, even in the face of a bit of pain on the real estate side, can leave! One can only wonder when the pensioneers will wake up to your strategy… Sadly, they will be the real losers in a state BK…
“Since the inception of this insanity, the following regulations, rules or consequences have occurred: I won’t get COVID if I get an abortion but I will get COVID if I get a colonoscopy….” – The Honorable Michael D McHaney, Chief Judge of the Fourth Judicial Circuit Court of Illinois. Contained in pages 75 – 76 of the 81 page proceedings report of the hearing held before Judge McHaney on May 22, 2020 in James Mainer and HCL Deluxe Tan vs. Governor Pritzker. As reported by Kirk Allen of Edgar County Watchdogs in the May 23, 2020 article titled, “Mainer v.… Read more »
Did anyone notice that lawmakers were considered non essential since they have been off for 2 months now but still getting paid. Maybe it’s better that we pay them not to show up. At least that way they can’t raise more tax’s and make laws that pertain to only a small % of the population.
But the judiciary are experts in our Constitutional rights, which is why these cases were brought in the first place. Because you haven’t followed the law as it’s written, and involved the legislature.
But I’ll remember your logic–Pritzker–next time you want to sue for any number of things I don’t like. I’ll just blithely inform you that the courts aren’t experts in __________ and tell you to pound sand.
Stay the course, eh Jay Bob?