-- 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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Nothing will be found just like with RINO Webb. Foxx is black and a criminal enabler she is untouchable.
Cook County fools,
You voted this dope back in office! You get what you vote for!! Have fun
I’m sure all due diligence will apply for this summer’s judicial theatre. Parliamentary shenanigans or outright refusal to cooperate. Missed depositions and lost files. The Chicago Way! Day can’t find nuttin!