-- 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 take care of their own . Look at the language in the settlement!! She gets a raise . Is limited in what she can attend and if she leaves , I’m sure she will , she COLLECTS ALL THE MONEY!!! What freaking idiot lawyer wrote this settlement???
This settlement is driving me to drink.
Wonder why she took such a bad deal? I guess she needed the money more than the taxpayers did. The taxpayers should burn rubber getting out of state before the bill comes to them.