-- 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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Another crooked corrupt democrat snared by federal probe of red light camera bribery — with Trump appointed US attorney Lausch leaving, these crooks are now free to go back to their red light racket
This is 1 in a million event. Almost always the get away with it. Corruption is Illinois middle name. The take bribes, the sell out to public sector unions for votes. The person getting hurt is the honest working taxpayer and his family. This is the story of the last 100 years. If you do not like corruption, what are you doing in Illinois?