-- 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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Praying that this Judge will do the right thing and rule against this lawless and dangerous legislation.
The hackery that is the gerrymandered appellate court will find it constitutional and they’ll probably try to punish the 60 states’ attorneys for having even brought the case in the first place. Our political, legislative and legal system now exists solely to punish enemies of the regime. It does not exist to protect you from the regime, instead, the people in power use it to crush you.