-- 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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They predict chaos? Seriously?
Keep corruption to lessen chaos?
Corruption is the Illinois–WAY.
Is there any way to elect the speaker of the house by the general election? He is voted in by 60 members of the house almost always democrats. Considering he decides which bill goes to the next level or the shredder his position determines all politics even in local elections thru mandates. There were at least 5,000 bills waiting to die which he alone decided. How many of those bills could have been beneficial to taxpayers? Probably most. Term limits would solve some problems. Maybe???
Moving to another state solves the problem also.