-- 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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When you don’t have to listen to voters – life is good. How about passing midnight laws for term limits or limiting executive power by our Governor instead of cramming legislation through that only serves to harm kids (like HB 2789.) We need our “elected leaders” to put citizens ahead of politics. When will it start???
The left elected hardcore progressives these past election cycles and they took it as a mandate to force their progressive values down the throats of everyone in the state, no holds barred, take no prisoners. It’s messed up, there’s been nothing like this I’ve seen in my lifetime, where one political party with less than 60% of the total votes just remakes the entire state in their own image, with no compromises for centrist wing of their own party. It’s scary because this isn’t democracy.