-- 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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A hater of the first order. Also filling the family coffers via his wife, the lobbyist quietly working behind the scenes for decades.
Total phony! False concern for voters needs when in Illinois, supports all radical party positions when in DC. Never goes south of I-74.
S.C.U.M.B.A.G.
Low key senate veteran must mean do nothing senator, because that describes Dick Durbin all day long. Like so many in Congress, he’s well past his expiration date.