-- 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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The reality is that they’ve scoured all of the left-wing progressive Twitterverse and enacted all of the craziest ideas, and now there are no more progressive policies to enact. So they’re fielding the public for even crazier ideas. Next up I think is child support laws although they just changed the laws a few years ago. Black/Brown are disproportionately caught up in the child support system and it’s unfair that the state is making dads poor, so they can’t create generational wealth to pass on to their children. The state should just provide for child support basically is the next… Read more »
#1 should be. Make NO laws that benefit only a select few. Make laws that benefit most everyone. Examples-Shall not impair or diminish/3% compounding only applies for state employees which accounts for a small % of the population. Make a law that municipalities must live within their means. Make a law for transparency in contract negotiations since most are made behind closed doors without any public/media scrutiny.