-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
What do they serve at a luau?
The 30 day clause seems clear – the extension is illegal.
Would love to believe this guy’s opinion matters. Does it and why?
His opinion does not matter. It’s just that it’s a good illustration of what they know — that the order is unconstitutional in many ways.
Yes, good to have that articulated. However . . .
“The only thing necessary for the triumph of evil is that good men do nothing.”
Notice in the comments section it’s going before a judge tomorrow. This could have national repercussions if it’s successful.
Looks like Jabba will be the next Illinois governor who does jail time
While unconstitutional it isn’t a criminal matter.
But if jbs extension of 30 shutdown is struck down in courts will it lead to endless lawsuits by illinois businesses against state?