-- 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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As Gomer Pyle would say “surprise, surprise surprise!” To think that Rich Miller was singing Cullerton’s praises just the other day. Surprise, surprise surprise!
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Just watch, the FBI will let him get away by intentionally making a weak case. I have no hope that the FBI cares a bit what democrats do here. The FBI itself is a partisan swamp.
Fantastically sickening, but writers like Miller, zorn, m brown are still in love with the guy?
This is really daming evidence against cullerton. Missing funds, messed up campaign funds (he ran uncontested iirc), lobbying, fallout from his campaign director, connections to a shady bank, investment in mob restaurants, family members under indictments. The existence of a $100,000 CD to pay a legal retainer if he’s indicted (if something happens to me he says).