-- 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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sort of ironic a crooked federal agency with no integrity going after an aldermanic crook with no integrity, I wonder who Burke did not pay off at the federal level?
The Feds got him. He is good as toast.
the guy from better gov on wttw tonight was saying the feds have been tapping burke’s phone for over a year–WOW!! who know how many other scum bag crook county pols they can catch–one can only dream. why is it that its always the fed going after all these crooked alderman and not little lisa?
also, wp the article is posted as a trib article but opens to crains article