-- 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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There were 227 bills passed by the house last week. That is passing a bill every 11 minutes. That is not legislating, it’s rubber stamping. I suspect that those bills were not even read by the house members.
Link doesn’t work……But truly frightening when its miller sounding the alarm about ‘anything goes legislation’ with future earmark $funding$ requirements, passing 100% of time with zero pushback from jb and without Madigan off all people as check. Clearly there’s nobody guarding the hen house