-- 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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Jabba has no redeeming qualities. None. An arrogant piece of trash and nothing more.
Jag Boy is not all controlling. Hopefully the courts will see that he is not the supreme ruler.
He wants to crumble the entire state and get money from the Federal Government. He has ruined the state of Illinois. Must be so because his wife and kids spend so little time in Illinois.–Just saying.
The WI & MI supreme courts have all ruled that the governor is not the supreme leader. But those states have R supreme courts and R legislatures. We in IL do not. The IL legislature has shown zero interest in doing anything to curb JB’s powers. In fact, they seem to prefer it. Sad. We live in such a sad state.