-- 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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Hmm.. JB a little sore that immunity doesn’t extend to, for instance, removing toilets from one’s mansion as a way to cheat the tax man? Sour grapes, sister!
Sounds like JB doesn’t like the US Constitution. He should leave the country.
I agree with Jumbo Belly! This would have opened the door for prosecution of Bush, Obama and Clinton. It would have been a case of the knife cutting both ways.
If that’s the way you feel JB then maybe you should have to answer for the toilet fiasco.
I thought that they did sock it to him with a penalty? Perhaps he pulled an Al Sharpton maneuver and paid back at his leisure a fine that would’ve landed the average person in jail, if it was ever paid at all.