-- 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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50 years as a corrupt alderman means that Burke has stolen millions in bribes and kickbacks. Still greedy he tries to shakedown a local business for 5K and gets caught. Pigs get fat, hogs go to market. Finally Burke may be headed to the market.
Who? Biden? Oh…Burke.
Seems to be a requirement that Dem politicians solicit and receive bribes.
Meh…they all do it, except one. The one who won’t play ball. Also the one that the Federal Combine and their corrupt media unites to vilify and slander…
His office was raided 5 years ago, and we finally have a trial. I wonder why these things take so long for some politicians and much, much shorter for others. At least Ed had five extra years before he went down in flames.