-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Hopefully a pension board review will show that his activities were committed and violated the pension rules about conduct directly related to official duties and revoke his pension. I hope so.
Cops always lie and cover up for each other.
Lots of other cops knew he was doing this and said nothing.
It is a shame as it has destroyed the public trust in cops.
Wow, that beats my dog eating my homework! I didn’t even think of telling the nuns that let alone 44 times!