-- Connecting the dots between our economy, government and business --
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Just like the companies that offered Byrd-Bennett the kickbacks that landed her and their owners in prison — and led to her emailed quip, “I have tuition to pay and casinos to visit (:” — an executive at that third company wined and dined her at the tony Pump Room in exchange for insider knowledge about bidding specifications, the report says.
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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Can you only imagine what is going on across all of Illinois with top administrators and superintendents scary
Laughing out loud. A lot of laughing over here. Lot’s.
Does any of this surprise you?