-- 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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The Illinois Trial Lawyers Association (ILTA) and Democratic State Representative Jay Hoffman, a trial lawyer from Swansea in the St. Louis Metro area of St. Clair County, are included in both the Illinois Review article and Justice for Sale II, The Trial Lawyers’ $35 Million Investment in Illinois Government, a 2016 study conducted by the Illinois Civil Justice League.
http://www.judicialhellholes.org/wp-content/uploads/2016/09/090616-ICJLsJusticeForSaleIII.pdf
All the trial lawyers im sure are plotting on how to cash in on lead from water pipes bonanza. Sure sueing city on behalf of city workers will be easy pickens
Wonder how many of those 50k claimants are city/ state workers?