-- 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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Jenny Thornley case should be mentioned every day by every pious hypocrite legislator claiming to seek ethics reform. Indicated by evidence made public: 1. She stole from taxpayers. ( documenting false overtime). 2. When caught she falsely accused her accusers of crimes which could ruin their reputations and careers. 3. She then stole from taxpayers a second time. ( claims for public benefits based upon her false and defamatory claims against superior who documented her theft of public funds). 4. She obtained her second theft of taxpayer money through collusion with Governor office personnel. 5. States Attorney has made extraordinary… Read more »
Regular media has a total blackout on the Jenny Thornley case. Appalling.