-- 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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Yep – elected officials are not angry that one of their own is a corrupt thug, but angry that an elected official is standing up to a corrupt thug. And these are the same people that get voted into office over & over & over again. When will voters WAKE UP and WHEN will we get TERM LIMITS for every level of elected government? Term limits will help to eliminate the stranglehold elected officials have over tax paying citizens. Any elected official not disgusted by the acts of Burke should step down from office themselves, because it means they’re playing… Read more »