-- 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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Side note. This is some new info on a mass shooting.
https://www.yahoo.com/news/multiple-people-found-shot-dead-212900773.html
They can’t punishing you for failing to register your gun is quite the lawyerly position, because now it is illegal to own the gun.
Illinois State police are already refusing to enforce the law(Act). Pritzker responds by saying, “You will do your job, or you won’t have a job.” Trying to hire illegal aliens for police is not working either, with State police stating almost all of them will fail a background check. Flailing and desperate.
The ISP might not enforce the Act but my local prosecutor in Cook and/or Lake is salivating at the opportunity to do so, and that’s 6.5 million of the state’s 13 million residents.
Judicial clowns request another 6 months to decipher the meaning of “shall not be infringed”. What a circus.