-- 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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Walker turned the state around and saved taxpayers millions. School districts realized tens of millions in savings. From a deficit budget to a positive budget. Evers, the dimwitcrat, is doing everything he can to drive the state into Illinois North.
Now, if we can only get the Illinois Supreme Court to do the right thing…
Our chief justice is married to a Chicago alderman facing federal corruption charges. Just think about that for a second. She has, in the past, ruled on her husband’s clients’ cases, albeit on unrelated cases. She claims she doesn’t even know, or keep track of, when her husband’s clients come before the court, and doesn’t think it’s relevant. With these kind of optics – and not just the usual partisanship – but the obviously appearance of corruption of the court, it’s no surprise that the residents of IL have little faith in the highest court in the state.