-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Just wait until a mosque wants to hold Friday services. Then we will be watching JB and Lightfart bend over backwards to accommodate.
Where’s Bill Barr when you need him? 🙁
7th circuit very conservative, give wide leeway to executive branch. The plaintiff’s argument was a bad argument, that’s why they lost in federal court. The state court arguments are much better, that J Beluga exceeded his 30 authority, and is trying to continue it indefinitely.
Judges appointed by Clinton and Obama. Why would anyone expect a different ruling?
With all due respect. Two of the judges were appointed by Reagan.
According to the article “The three-judge panel of the U.S. Seventh Circuit Court of Appeals.” Please explain.
OF the three, two were appointed by Reagan, one by Obama.
Now I see and originally I got the original Judge confused with t he panel /Judges. Thank you all for the heads up.