-- 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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Did he get caught with his pants down? (I’m making it my mission to keep old sayings from disappearing forever.)
Don Harmon: “We are ignoring important matters that we have ignored for decades! Please stop focusing on me so that we can go back to ignoring that other stuff.”
Don will be taking his act on the road and will be appearing at Zanies in Rosemont soon.
He may or may not be right, though trying to sneak in legislation to remove his dilemma suggests he’s wrong and knows it. Let it go to court and be settled there. At some point he will leave office, how much in campaign funds will he leave with? That seems to be an underlying concern. It also seems part of why he’d spend $100,001 of his own money on his campaign for a part time job paying $123,300.
You got caught. Pay up. “ No one is above the law!” as Letitia James and Bragg reminded us while putting Trump through the grinder.
The law is the law. Tax payers of this state who do not like decisions being made or the laws in place to “vote people out or work to change the law”. We can’t say we think this or that law is stupid, so I am not following it…and neither should you. Suck it up Donny and get your check book out.
No mention of Illinois issues affecting residents such as property taxes, school choice, gasoline taxes and poor road quality, nearly 7,000 units of government within the state, etc.
Rules for thee, not for me…such a turd