-- 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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New Democrat law expanding wrongful death damages lines the pockets of Illinois ambulance chasers
Check out Illinois Workman’s compensation insurance rates and they will tell the story of the Illinois personal injury morass. The trial lawyers are predominantly Democrats and well that adds to the story.
Worked in that industry for decades- there’s an excellent reason for high workers compensation premiums and wealthy attorneys.
The Trial Lawyers Association (TLA) is just another wing of the “pay-to-play” dem shake-down machine. Someone should do an article exposing how many $millions$ TLA donates to the machine in exchange for rubber stamp legislation just like recent IPI article exposing how many $millions$ in political contributions unions make to machine. I’m sure the results would be shocking