-- Connecting the dots between our economy, government and business --
In recent years, several Chicago alderpersons have appeared to cross the line of “unbecoming conduct” without punishment or consequence. Those alderpersons, outgoing Chicago Inspector General Deborah Witzburg says, “reflect poorly on the body as a whole and further erode public trust in government.”
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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