-- 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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Why is this still not done when Illinoisans have been subject to his ridiculous and endless executive orders for a year and a half? He was not elected king and the representatives in Illinois need to start standing up against it.
Because unlike WI or MI, we don’t have a Supreme Court with any credibility to stop this. Do you think Democrat ‘Chief Justice’ Ann Burke, whose Husband is under federal indictment, is going to go against her democrat party handlers?
Pass a bill that bans the governor from leaving Illinois whenever he slaps on a mask mandate and or lockdowns.