-- 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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Everything connected to politics or politicians is crooked. From the Whit House to the Out House(Chi). The lawlessness has opened the voters eyes. Thieves are normally pretty dumb. In this digital age records, messages and email are out there forever. An individual with minimal talent can write search algorithms to filter financial transactions. You can get results before you finish coffee. Invest in jails, they’ll fill up fast. Lori can do her time in a file cabinet.
One good thing is that red light camera deals keep the politicians pockets filled.