-- 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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IL Supreme Court needs to look in the mirror, candidates getting MILLION dollar donations by JB and supporting and attending rallies on issues in front of the court. The Judicial Review board ignores the 100’s of complaints of CLEAR VIOLATIONS, guess we know where there payoffs are coming from as well.
Though not as juicy as the DeVore story, it should also be noted that a female attorney was also censured for some shady business involving 6K in funds. Good for the goose, good for the gander.
I guess Kim Foxx is next?