-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Great. Now, the Illinois pols can go back and decrease the ComEd rates by taking out the portions due to corruption. They would do that if they were ethical.
ComEd hates that their logo is in these press releases.
Might be time for a new ComEd logo after this sad saga!!
These “ punishments “ they are handing out are only so much fluff to appease the people ripped off by the defendants ruinous, greedy actions. This guy should’ve thought about what his situation health wise would be later on while he was a co- conspirator. He didn’t.
He was another brainless Illinois Dem stooge.
Amazing how poorly governed Taxistan is now!!