-- 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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Duh! Of course you read it before passing it, unless of course the bill is presented within hours of the end of session and you have vacation plans.
The whole situation is beyond belief … as are so many woes visited upon us by the local, state and federal administrations.
Vote the bums out!
Does that mean that most laws that were passed are NOT valid since they were not read it their entirety? One can easily trace the timelines from when they were first presented to the final vote. With cameras everywhere this would be easy to verify previously laws passed. If it’s in the Constitution then lawmakers should abide the rules. Didn’t Pelosi say -Pass it then read it? How many of us would sign a mortgage or car loan before reading it?
P.S. I’ll bet they read the part giving themselves a raise.