-- 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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And now the law firms business will triple although the new Speaker won’t get a dime. So does anybody like fairy tales?
“Ancel Glink”
This firm is has one of the largest government practice groups in the state. They represent cities and towns all over Illinois, many times on retainer, so your tax dollars are sending this firm a check every month whether they do any work or not.
IL politics is such a self-licking ice cream cone, and now an influential government law firm has a partner as the speaker of the house.
No one mentions this anywhere because it just is the way it is.
It is such a conflict of interest that it is beyond ridiculous. Of course it is exactly as the last Speaker lined his pockets, as an attorney who challenged real estate assessments. This kind of garbage should be outlawed.