-- 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 Bond Buyer is drinking the Kool Aid. Again.
These lower court rulings keep dropping like flies. We expect this one to land similarly.
The Supreme Court needs to reign in federal judges and stop the Democrats from “judge shopping “ and judges from issuing nationwide injunctions. Judges rulings should address only their districts and in the districts where the issue occurred.