-- 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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By 3pm CST today these TX Democrat ‘representatives’ who ‘fled’ to IL will be out of a job according to the TX Gov. Pritzker will have once again beclowned himself and continues to make IL look like a radical Leftist outlier in America. Pritzker would be smart to stop acting like he’s the class president of a HS.
I’m not a fan of representatives fleeing to avoid quorum but the Texas Governor doesn’t have the authority to remove representatives from office. This will all be theatre similar to what happened in Wisconsin years ago. What’s interesting, the Wisconsin fleeing circus, was all about disrupting the state representatives from carrying out their job. They even had “protesters” inside the Capitol for the express purpose of preventing the vote. IMO, this was the same mentality that was used on January 6th. Too many people can’t handle it when they don’t get their way. This may prove to be great theatre… Read more »
I hear meeting in front of Trump tower is a nice place to protest. In fact for a few extra bucks you can pay protesters to make the crowd bigger
Hasn’t been the same since USAID funds for leftist rent-a-mobs got pulled.
So Illinois Taxpayers are footing the bill for Texas Democrat tyranny? How is this legal and not a violation of fiduciary duty for JB and Illinois to spend money like this? Who can I sue?
A bunch of circus clowns. Maybe some of them should take a look at the Illinois Congressional districts. Any rational person would view those contorted boundaries as a laughingstock. But, Oh, Illinois is going to lead the fight against gerrymandering? Good Lord!