-- 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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The professor emiritus’ SURS pension is $121,716.
The pension ruling from the ILSC was 7-0. 4 D’s and 3 R’s. It was unanimous. Zero disagreement. The ILSC ruling for retiree benefits (Kanerva) was 6-1, with the only dissent coming from a democrat. But sure, electing republicans will help. Too funny.
Somehow I think the professor knows this but is spreading this line to help garner support from fellow public employees to turn out for democratic judges. At a certain point, voters that fall for this stuff have no one but themselves to blame.
And Biden was against abortion before he was for it; same for gay marriage, student loan forgiveness and crack-cocaine laws. Elected officials see which way the wind is blowing.
These republicans will be better than the last ones. I promise. Just give us another chance. This time it will be different Charlie Brown.
Hahahahaha!!!
Do your thing, downstate county clerks. In a democracy, every vote counts, even the unpostmarked ballots lacking signatures arriving up to 14 days after election day. They must be counted. And to not count those late arriving duplicate absentee straight republican ticket ballots from nursing homes, elementary schools and cemeteries, makes you a racist.