-- 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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Blagojevich, share more facts about are current Governor, this is really getting interesting, and yes, all these bills get passed with no issues, amazing folks isn’t it. This current governor should be investigated by the feds for his shady dealings with the Springfield weasel (Madigan) . And yes, he needs to be impeached if no legal action is to be taken. Pay to play the Illinois way. Still wonder why his daughter Lisa didn’t run for state’s attorney again, something up big time, he wanted her out of the picture.