-- 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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3 million is just a drop in his pile of hidden funds.
Lots more money hidden somewhere.
So.. use your position to enrich yourself meaning that you aren’t fully focused on the job. Or the position really isn’t needed. Either way, so long pension built on taxpayers time while you were neglecting your duties. Now we know why Lisa quit rather abruptly. That was a weather bell.
They should stop his pension too, but neither will happen.
What is the total of his remaining campaign funds? $3.1 million may well leave him wi $7 million more, which at 82 leaves him in more than comfortable shape even after a stint in club fed? Can he leave that money to his heirs?
Mikey will soon be a jail mate of Eddie Burke another corrupt Illinois Dem!!