-- 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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Bills include too many topics, as evidenced by this report.
One issue and its related provisions should equal one bill.
This ‘omnibus’ nonsense has to stop – it invites slipping unpopular/unnecessary/pork provisions into law.
Stupid chickens in our legislature – stand up for what’s right for your constituents!
BTW, legislators, do your job and stop JB from another disaster proclamation. Damn it!