-- 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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They also added three of their own referenda to the state ballot, max is 3 per election which bars any others from appearing on the ballot in November,
you know, to protect (their) democracy!
woof
This looks like desperation on their part to maintain CONTROL. As more and more of their incompetence and Marxism come to fruition, they realize that many who have followed them like lemmings will be jumping ship and looking for a new representative and this Lawless Law will help keep them in power longer.
They have control, total control, and now they are using it to crush you, deplorable.
They can only crush us if we let them.
Democrat Party elites disenfranchise their own voters in primaries and Republican voters in the general elections. Just about every election cycle, Democrats spring a new voting scheme on unsuspecting voters, each one more complicated than the last, with the predictable result of confusing voters and reducing confidence in the eventual results. This is all by design. Instead of earning voters’ loyalty, leftists would rather gain or maintain power by manipulating the election process however and where ever possible. And like Rome it will continue until it falls.
third world mentality in ill
Downstate the bill is being named as a preventative for a certain candidate. Interestingly the opposing slated candidate is a retired state policeman, who then did a stint as a former municipal chief of police and is now a city manager for a different municipality. The multiple pension issue comes to mind here and to think, the candidate is a Republican.
Republicans eligible for pensions love them just as much as the dems. Look at the passage of amendment 1 where over 60 percent of the Republicans in the Senate voted for the ballot initiative. Plenty of republicans love them pensions and unions.
I fought hard to defeat Amendment 1 and in the end, when I saw that the Republicans supported it, that is when I left the Illinois GOP. With Amendment 1 now in the constitution the taxpayers are on the hook for paying the pension gap and the CTU and other government unions will continue to demand and get more and more spending (as the public schools continue turn the kids into uneducated morons). The only way out is State Bankruptcy.
Since 1970, Illinois has made it clear that taxpayers are on the hook for the gap in pension funding vs actual liabilities. The only way out is for the state to fund the pensions as states are not allowed to file for bankruptcy.
True, PPF. Not as many, but too many.
This Machiavellian maneuvering snatched away the voice of the people, as the new language inserted in the bill only serve the selfish interests of one party and is another step towards removing any vestige of freedom in this state. By eliminating crucial processes for candidate inclusion on the Illinois ballot, the legislature effectively shackled voter choice, undermining the very essence of democracy. This brazen act of legislative sleight-of-hand stands as a glaring testament to the corruption festering within the Illinois state government and betrays the trust of the people. May this shameful episode serve as a wake-up call to… Read more »
According to Pensions Paid First, this is perfectly OK, because it reflects the will of the people. The people voted for Democrats, who decided for the people, that only Democrats should be elected, by removing the slating process for Republicans. This is Democracy.
Don’t forget, your opinion is meaningless if it is against what the mob wants. In fact, it’s probably a sign of mental illness and you should seek help.