-- 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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For all the hoopla about the circumvention of justice, the fact remains that Foxx will see no repercussions from her back door deal facilitated by the Obamas friend Tina Chen. And how long before Jusse files a wrongful prosecution lawsuit? Can’t wait for that to hit the fan.
Foxx has done to the so called justice system in Cook County what biden and his administration has done to the country, destroyed it. Violent criminals roam the streets due to the lack of prosecution via the states attorneys office she is in charge of. She supported and advocated for the passing of the SAFET Act that was supported by only 2 states attorneys in all of Illinois which has released hundreds of felons back into society. This case is just another example of a corrupt and failed political system run by democrats to push their destructive agenda.