-- 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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John Lausch is a RINO. He helped Lori get elected by indicting Burke to take out Mendoza, Preckwinkle and Daley paving the way for Lori. Now we hear nothing. Lausch has refused to investigate daley, Rahm, Cullerton, the black caucus(afraid of Blm ), and others on the inside of Loris inner circle like Steve Berlin, Ferguson and others in spite of great evidence. Why isn’t Madigan indicted? Lausch is as bad as the other us attorneys who allowed the machine to grow because the combine of republicrats and their friends in organized crime allowed it. Lausch will probably stay in… Read more »