-- 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
Members of the legislature want to work remotely to hide hearings – that way they can cram things through and pretend it was legitimate. Never mind the online video rarely works or the shell games they play with hearing dates and times. The state legislature is repulsive on how they pass midnight bills and intentionally try to do as little as they can for citizens. Why even show up at all? Just keep letting Pritzker sign his EO’s and you aren’t needed anyway.
If I can go to work everyday in the factory unvaccinated they certainly should be able to go to Springfield
Listen you lazy legislators if you have had your covid shot and booster get your asses back in the Springfield capitol and get to work, screw your remote crap already cowards all of you cowards this tells me and everyone in Illinois the vaccine doesn’t work.
agree with the lazy legislators. Although do we really want them doing anything legislatively? All they do is stick it to the taxpayers and citizens of this State. Best they stay home and don’t do anything.
They can do that from home as they have been
Cowards, every one of them!!!