-- 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 recent fraud between ComEd and the Official Government workers Party (aka Freddie and his gang) should have resulted in the residents of Illinois receiving a refund from State Regulators or the Courts. It was pure and utter corruption what happened. Favors given by ComEd to Government in exchange for permission to raise their utility rates to customers. Do you know your ComEd delivery rates on your bill probably exceed your electricity supply charges? Mine do, even though I have an alternative supplier of electricity with a better rate. But as previously stated, the state regulators and watchdogs are corrupted… Read more »
And yet they haven’t learned from the ongoing federal investigation.
Ya know what let them close down who cares and for Pritzker and Springfield get out of bed with com Ed and excelon already there are better options. Lawmakers are scrambling bull crap it’s a done deal just like everything else in Springfield.