-- 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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Illinois Secretary Of State/Unindicted Bank Robber, Alexi Giannoulias, Got Totally Dunked On At Senate Hearing, As Senators Read From Pornographic Books — Books That Libraries Are Required To Make Available To Children — Under The Law That Giannoulias Got Illinois Democrats To Enact
Giannoulis looked like a complete fool before the entire country. Senator Kennedy sawed right through Alexi’s weak rhetoric so fast, that poor little Alexi couldn’t fish or cut bait. Alexi simply decreed (like a fascist would) that his ban ban had somehow solved the issue.
Boy we Illinoisans have some dumb politicians here, and Alexi Giannoulis is only one poster child among many. What complete desecration of the legacy of longtime IL SOS Jesse White.
I hope that Alexi reads this crap to his kindergarteners. It’s ok, the DNC also supports groomers everywhere.
Senator Kennedy cuts through the BS as usual.