-- 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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I forgot to thank their Lawyer as well. It is very difficult to find a lawyer who will go up against the corrupt system. Blessings to him and Foxfire Restaurant for fighting the good fight. We need to let them know we support them and stand with them.
Hope they can find an honest judge in this State. I commend them for not giving up and hope that they prevail. It should trouble everyone in Illinois and in other States as well, that we have such lawlessness and that cases are not even being heard by judges or are dismissed. It truly is a disgrace.
There’s no honest judge’s in this state are you kidding me that’s been proven throughout the plandemic.
You are probably right, but I am hoping they can find just ONE.