-- 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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Illinois democrats do not eat their own, especially when they increase the power of the Combine.
This will come to nothing.
I’m sure they’ll find some loophole to protect Ezike. But it’s pretty dumb on her part to hold such a high position and not think they’re might be a conflict of interest or non-compete agreement with organizations her department did business with.
Will she be prosecuted by the Illinois Attorney General? Now that’s funny!
Kwame won’t even investigate it – move along, nothing to see here!