-- 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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They can take as long as they want. He’ll be dead before this thing ever gets to trial. But at least he won’t be sleeping very well between now and the day the Grim Reaper shows up.
The usual politicans outcome after being arrested and charged in their later years. They are too sick to stand trial so for compassionate reasons no trial or they die. Ed Burke is in the same boat.
Ya but if that were you or me omg we would be long gone in under 3 months.