-- 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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Disgusting. Just more slow walking from the Democrat DOJ. Burke wasn’t convicted until FIVE years after the FBI raid on his office and he won’t be convicted for another SIX months. If it were a Republican the Democrat’s DOJ would be be certain that the accused were tried convicted and executed within a few months. I want to see Madigan and Burke rotting and raped in prison for decades but…..the actuarial charts limit that form happening.
Conveniently postponed til after JBs big bash…..for a Madigan free convention no doubt?