-- 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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Part of the Illinois Combine, just not smart enough to not get caught. His election started the rapid decline into irrelevancy for the Illinois GOP.
POS.
No tears for this guy that served less time than Blago even after the crooked land deal he was party to that went unmentioned. And it was curious that Jesse White somehow managed to avoid any splashback from the licensing scandal. Republican Ryan was sunk when the details of his er, “ unconventional “, marriage were gleefully trotted out by various Dems and the IL lapped them up.