-- 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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Who makes the choice and who’s got the most skin in the game? She’s out searching for a tenacious blind deaf mute. Must be anti cop. Maybe Bobby Rush if he’s fully recovered from the indignity of the pop corn scandal. He was so disrespected he was crying.
No inspector general has been worse than Ferguson. In order to get reappointed by Rahm, he refused to investigate corruption. In return Rahm rewarded him. Ferguson sold his integrity for a new contract and added staff. When Lori took over, Ferguson refused to investigate criminal activity by high level Lori staff. He, Loris chief staff, and two corporation counsels covered up this activity. He will be exposed and this will definitely follow him to his next patronage position.