-- 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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I know pretty much most will disagree with me but blago took a fall for someone flat out plan and simple.
Not clear that he took a fall for someone else, it was pretty clear at the trial they were targeting him for his actions. The guy wouldn’t release money to a children’s hospital until they gave him a donation, for goodness sake. But the Feds had been sitting on that for a while; they didn’t charge him until, god forbid, he interfered with B. Hussein Obama’s senate seat, then it was like, we need to get him NOW! He’s on a crime spree!!! How dare he not bend the knee to Obama and let him appoint his own successor!
So how in the hell did Pritzker get a pass for his actions