-- 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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Democrats voting base, cemeteries and prisons
“This bill put forward by state Rep. La Shawn Ford would go against that express constitutional provision.”
It’s been pretty clear for a long time now that this WhackJob of a rep sees the constitution as a piece of toilet paper that he flushes down the toilets. His bills have consistently been insane.
The Supreme Court also