-- Connecting the dots between our economy, government and business --
In the closing hours of the Illinois General Assembly’s spring session, Senate President Don Harmon tried to pass legislation that would have wiped clean a potential multimillion-dollar fine against his political campaign committee for violating election finance laws he championed years ago. Harmon’s move came against the backdrop of the former Illinois House speaker’s upcoming sentencing for corruption and abuse of power and almost instantly created a bipartisan legislative controversy that resulted in the bill never getting called for a vote.
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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“Ethics Legislation” is quite the oxymoron.
I sometimes wonder how politicians can look into a mirror and not feel disgusted.
“ You’ll find out what’s in it after you sign it!”.- Nancy Pelosi.
they’re to busy fighting for the “working class” to let any pesky ethics get in the way.