-- 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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Right. We know that. Water is wet too. More important, when will the FBI stop slow walking this investigation and start arresting IL politicians? When are Madigan, Burke, Martwick, Berrios and the entire Organized Crime Cabal of Property Tax Attorneys and Democrat Machine politicians going to be arrested and go to trial? At this rate they will all live long happy lives into their retirement and never answer for their lifetimes of crime. I’ve read some people referring to the FBI as the Praetorian Guard of Democrat politicians. This case (and Hunter Bidens laptop and Juicy Smollet’s mail fraud case,… Read more »
You got it. Ed Burke is 77 years old. He’s already lived a full and charmed life. And even if he goes to prison, it won’t be “Federal ***** me in the *** Prison.”