-- 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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Perfectly Superfluous but…..now her name is all over the media at no cost to her or her campaign. Unfortunately, unlike Fani Willis and Letetia James she is unlikely to be disbarred. Lawfare and proof of our two tier justice system in high magnification.
Funny how quickly AA hires find themselves in hot water over their heads when they try to act like they understand and know how the US justice system works.