-- 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 Illinois Supreme Court should is an embarrassment to anyone who knows anything about the law. You have fundraising judges. Partisan elections for seats on the Court. Unions raising money for judges. Trial lawyers — who try cases before the court– raising tons of money for the Dem judges. Many, many decisions decided along party lines. The law does not matter. At present, the Illinois Supreme Court is a third arm of the Democrat controlled legislature. No wonder no one has faith in the judicial system.
Rutherford took donations from a lawyer CURRENTLY trying a case.
The Judicial Review Board and the Bar Association is also a joke in Illinois,