-- 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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I want to know which alders ward that slum house was in.
Napolitano will be collecting three separate pensions eventually.
CPD CFD and ALDERMANIC
We can only imagine what this is going to cost us.
Snelling was simply in CYA mode yesterday. The video and audio are clear. His timeline should have started 15 – 20 minutes sooner!
IL is corrupt and I’d pro illegals and pro criminals.
Show the VIDEO and interview the CPD officers who ALLEGEDLY were on the scene helping the Federal officers !!!