-- 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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“The opinion which gives to the judges the right to decide what laws are constitutional, and what not, not only for themselves and their own sphere of action, but for the Legislature and Executive also in their spheres, would make the Judiciary a despotic branch.” – Thomas Jefferson SECTION 2. AMENDMENTS BY GENERAL ASSEMBLY (a) Amendments to this Constitution may be initiated in either house of the General Assembly. Amendments shall be read in full on three different days in each house and reproduced before the vote is taken on final passage. Amendments approved by the vote of three-fifths of… Read more »
Illinois corruption knows no limits. Totally under the control of democrats for years and destroying every aspect of fair and representative governance. Supreme Court justices bought with millions of Pritzger dollars and who see no conflict of interest when their campaign funds swelled to overflowing by their democrat overlords. Again 95% of Illinois has nothing in common with Cook County and the collar counties and are looked upon as backwards, buck toothed, rubes and hayseeds and deserve no representation or say in state issues. Remember that democrats hate you and hate America.
One thumbs up isn’t enough!