-- 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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all of these job killer/ worker empowerment laws, like this one, are all backed and dreamed up by Illinois 3rd or 4th branch of gov—-$$$$$$$$$$$$$$ Illinois Trial Lawyer Asc $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$. As endless law suits, medicaid expansion, taxing the few dopey citizenry left to death, etc is all that’s left in ZERO growth Illinois.
Isn’t Illinois losing enough business yet?
Apparently not.
Again, government sticking there noses were they don’t belong.