-- 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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Only in Illinois is corruption an expected activity for elected officials and thus “criminal defense fees constitute customary and reasonable expenses” for an officeholder’s governmental and public service functions”. Just like campaign mailers and rent on the office space. Usual and Customary.
Disgusting. nearly 100 years of single party rule has lead to this perversion where politicians are expected to be thieves and criminals.
“During oral arguments before the Supreme Court in January, much of the discussion focused on whether criminal defense fees constitute “customary and reasonable expenses” for an officeholder’s governmental and public service functions.”
These scumbag lawyers have no self awareness, not that it would matter to your average trial attorney, much less the elite scumbag who gets hired to defend the indefensible. Only in the corrupt State of Illinois would this be a legal use of campaign funds.
Illinois is lost.