-- Connecting the dots between our economy, government and business --
Burnett, who grew up at Cabrini-Green and served time in prison before getting into politics, was a new face to City Council during 1996’s Democratic National Convention. Now, he’s the council’s most tenured alderman and one of Chicago’s most powerful leaders. Both DNCs were held at the United Center in his ward.
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
Burnett served 2 years in prison for armed bank robbery. He worked in Crook County government for 11 years and “despite a 1993 Illinois state law that barred those convicted of a felony from holding local office, in 1995 Burnett ran for alderman in the newly redistricted 27th ward”. How does that happen…never mind, it’s Illinois!
In a nutshell, he’s still a criminal elected to an office he should have never been allowed to run for and has lived his adult life from prison to alderman, on the taxpayer’s dime. Well done useful idiot voters and politicians!
Most Illinois political hacks go to jail at the end of their career. Burnett is ahead of the pack.
Spot on Tommy.
Halloween Photo? Hang this photo on your front door and kids will tremble and run in fear. Plus you keep all the candy.