-- 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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“Illinois is one of only eight states that elect Supreme Court justices”
I expect this to change soon when the elections don’t go their way! They tried so hard to gerrymander the districts too!
Your analysis doesn’t make any sense.
So your prediction is that the elections won’t go their way so the Democrats will then put a referendum to the constitution on the ballot stating that ILSC justices will now be appointed?
How do they get the votes to pass said amendment if they are weakened because the election didn’t go their way?
Why would the same people that voted D’s out of power agree to a constitutional amendment that takes away their right to vote for ILSC justices?
Please explain. Or is it just the usual complaining without any thought.