-- 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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In view of all of this should’t the Federal Government be somehow involved being the shareholders were defrauded as well?
oh my lord the corruption in this state runs DEEP
READ THIS STORY. This story (if true) is too crazy to be real. The former CEO of ComEd and his top lobbyist were the Plaintiffs in a lawsuit to quash a citizen’s redistricting referendum. But former CEO of ComEd and his top lobbyist were really just Madigan’s patsies. Their lawyer – another Madigan and ComEd allied swamprat – argued the standard Democrat playbook – that the referendum was actually just a racist Republican front to limit minority representation in Springfield. Which of course was a complete lie. To fight these allegations, the citizen’s referendum group hired…..LORI LIGHTFOOT as their attorney… Read more »