-- 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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What does JB think about this? I mean, a person cheating on their real estate taxes! This is an outrage, right JB?
I have some good Burnett stories.
When I once asked for a specific type of permit, but a common one, he asked me “what does the City get out of this?”
The question wasn’t referring to the City, and it wasn’t referring to happy feelings or freedom.
He’s a real piece of work.
What do you expect from an ex con like Burnett? Why isn’t the states attorney prosecuting Burnett’s wife for fraud? This was intentional. Well she a member of the protected class so that must be the reason.