-- 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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Following Kwame Dawgs lead, they need to seek out battles in other states because there isn’t enough to keep them busy in the state that pays them.
Who will pay for all the legal council? The taxpayers of course. More money taken away from citizens who did not vote for this in the first place.
Hmm…..public defenders paid with public tax dollars to represent illegal alien defendants that shouldn’t even be in the US let alone Cook County.
Am I missing something? Old Joe even paid a lawyer bill once. It gave me a new appreciation for my dentist.