-- 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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Good example of fascistic government mandates.
Why would anyone ever want to be an employer in the state of Illinois?
It’s a labor law work-initiative, to provide more clients to labor-law attorneys.
Bye Bye illinois is what many people are saying.
More wakie/ woke job killing regulation except for the lawyers. Soon, for a company to hire anybody in Illinois they’ll have to hire a lawyer as well for protection against law suites…wonder if madigans & the machines trial lawyer buddies lobbied behind the scenes for this legislation as well?
More regulations, more paper work, more government intrusions, more headaches and no solutions to anything important.
Just what is needed in the midst of a pandemic during which the number of businesses are decreasing.
More state regulation which hikes the cost of government.
After a long pandemic, this will surely bring back business to Illinois!!! More woke regulation to address minor, practically non-existent problems!