-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
The subject of criminal rehabilitation was debated recently in City Hall. It’s an appropriate place for this kind of discussion because the city has always employed so many ex-cons and future cons.
Mike Royko
If they got rid of the dishonest cops the mayor wouldn’t have any security. The security detail isn’t comprised of writers of Parker’s and movers. It’s slick coat holders and the half BLIND WHO neVER saw herself fall out of the wagon reeking of cognac and flamin hots.
Oh no well inspector general how many dishonest politicians are allowed to stay on the job answer, every damn one of them in this shit hole of a state.