-- 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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For Illinois Supreme Court, the concept of a Balanced Budget is too complicated for it to comprehend. Why would anyone expect the court to be of any use?
The US Supreme Court failed us again. All of these governors, according to their state laws, are unconstitutionally ordering things. The legislature has to act. This is what begins rapid disintegration of a country; when the legit President even appoints supposedly Constitutional adherent justices and they betray us all, again, why would we listen to anything they say anymore? Cowards.
There is NO science to ban dining.
The Illinois courts are not a branch of government, they are a branch of the Illinois Democratic party…just part of the failure of this state!