-- 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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Of course IL Democrats are against this ruling. The ruling put the brakes on Democrats law fare. Now the Dems will have to come up with something else to disregard the law.
BFT SCOTUS yanked the rug out from judges that make decisions based on their feelings, let illegals slide out the side door, hear lawsuits without merit ( so long as the defendants are Republicans, Christians or Trump ) and generally interpret the Constitution to their liking.
Towering constitutional law experts Durbin and Pritzker dislike the Supreme Court’s ruling. Unable to dispute the legal foundation for the ruling, they simply lash out with the usual anti Trump stuff. And it is amazing our attorney general, so busy fighting corruption in IL, took time to weigh in. Think Amy Coney Barrett capably explained things to these folks.