-- 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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The approval for the Rockford, Il casino took years to approve. Investigation after investigation and there were some issues, minor issues, with investors and the usual delays began. A mob connected diner slides through the process with no problems. The gaming board members are appointed by the governor. Friends, political allies, supporters, family members etc and have no worries about being fired, replaced etc as long as JB runs the show. How much mob money was passed under the table? JB offered a pile of cash to Blago for an appointment to a power position. JB lied about toilets. JB… Read more »