-- 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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SB328 is our wonderful state legislators fluffing their trial lawyer friends. Prima facia evidence that lawyers making law is a conflict of interest.
Just another absurd unconstitutional clownish ‘law’ passed by the Democrat fools of Illinois that Kwaumie will spend millions of taxpayer dollars unsuccessfully defending. This joins dozens of other moronic Democrat efforts. most of these are part of the Pritzker for President 2028 Presidential Campaign. This one is repayment of a bribe to Democrats from Illinois Trial Lawyers. Just like the absurd pensions and grossly above-market wages are repayment of bribes from Public Sector Union scum.
The minimum contacts test (first announced by the Supreme Court in International Shoe v. Washington in 1945) is a legal standard used to determine if a court can exercise personal jurisdiction over a defendant who is not physically present in the state where the court is located. This test ensures due process by ensuring that a defendant’s ties with the forum state are sufficient to make it fair and just to subject them to the court’s jurisdiction.
Allowing companies to be sued in Illinois –without the requisite minimum contacts, is unconstitutional on its face.