-- 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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Rochford wrote the decision in IL Supreme court ruling. O’Brien dissented. So had they both recused, the outcome would have been the same. And contrary to Rep Caulkins belief, the Act does not (yet) ban posession. It bans sale/transfer to Illinois residents.
One would hope he, as an ostentatious plaintiff’s lawyer, would get at least this right.
There are better cases being argued.
So you’re saying you don’t believe the outcome was already decided? It would have been 4-3 in favor of Caulkins if Rochford hadn’t already decided how to rule beforehand.
https://momsdemandaction.org/
Imagine if a conservative judge hosted a fundraiser at conservative Moms for Liberty instead of progressive Moms Demand Action! Oh how it would be if the situation were reserved.
JB’s billion’s has corrupted all of the branches of government. No one dares defy his will for fear of losing on his $$$$ campaign donations.