-- 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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This police officer is being prosecuted for his criminal behavior, by the local State’s Attorney. Why doesn’t Duckworth stick to federal issues? If she does want to go after this idiot she should encourage the FBI to look into the civil rights aspect of this case. If she wants to meddle in local affairs, then resign your Senate seat and run for a local political office in Illinois.
Maybe she’ll remove her prosthetic legs and lay on the floor again to get her way.