-- 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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Probation without any payback of stolen funds, Little Kim you behind this girl.
Reminds me of the one that ordered thousands of dollars worth of wings for the schools in Harvey, yet nary a wing was served to the kids. They apparently flew out the back door as quickly as they came in the front. No mention of recovery of stolen funds in that incident either.
How about the dirtbag from new Lenox school district that got away with hundreds of thousands and couldn’t go to trial for 7 years because of a “health issue” so it was dropped- who else was on the take with that one
It’s called the “Madigan Defense.”