-- 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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Joe Ferguson follows cop hating racist Loris instructions on what to investigate. He was a sell out to Rahm and now to Lori in exchange for a contract. He only does what she says. Ferguson covered up the lieutenant cheating scandal in exchange for a new contract and staff. Ferguson obstructs Justice by refusing to investigate a false police report filed by two top city officials against a disabled senior citizen intended to harass and intimidate that person. It’s going to be a massive law suit.