-- 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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IL trial lawyers fund the IL Dem Party, so they can get laws passed to super-size jury verdicts — verdicts that drive away business from Illinois
This is the dumbest article ever. The study comes looks at …..FEDERAL COURT CASES. Only certain kinds of cases can be filed in Federal usually involving federal law unless there is diversity jurisdiction, so for state Rep. Dan Ugaste to get up there and scream “It is doing great damage to our business community” when Plaintiffs are suing under federal law in federal court is just pure stupidity. The the loan company that did the study is *shocked* that Florida has far and away more federal court cases than any other state….WELL DUH, CRUISE LINE AND OTHER ADMIRALTY & MARITIME… Read more »