-- 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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Liberal justices vote in favor of trial lawyers that donated to their campaigns and legislators who gerrymandered their districts.
NEVER SAW THIS COMING
I believe with recent national sc ruling BIPA now is only enforceable in Illinois…why in the world would any company locate here and face nonstop shakedown by ill trial lawyers/ machine??
They should just close the doors and go elsewhere. Screw Illinois and its discourage business attitude.
A case study on why Illinois is poison to business