-- 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 wonder just how much the a$$holes in Springfield actually read before they passed this bull$hit?
I’ve always liked money but I am becoming more and more fond of its symbol…
Sounds as if Illinois is striving to abolish the common law by enacting a bunch of special-interest unprincipled ukases which will enable a host of bureaucrats to march out with clipboards and badges against their personal and political enemies.
Welcome to the USSA…
So now we can have vegetable gardens on private property instead of having them on public property. No wonder I kept getting chased off the Capitol lawn. Just tending to my tomatoes.
Is this disgusting or not, a law for vegetable gardens, obviously Pritzker doesn’t eat his vegetables.
And what’s more disgusting this moron has no idea what he has signed, I wish someone would wipe that shit eating grin off his face.
On this point you are 100% wrong.
He is one of the chief financiers of all this legislation.
Prickzer will eat anything that is put in front of him.