-- 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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Oh please. Blago got off easy with 14 years. He deserved a far more severe sentence. I think 25 years at hard labor would have been more rapporteur than his soft, posh living where he is at.
All going to Trump will accomplish, if successful, is proving beyond a doubt there is a two tiered justice system. If you have a personal relationship with the President you can walk away from your crimes. Brilliant on the Tribunes part.