-- 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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He looks like a 3rd world general with all those “awards” on his chest…
He is what the military calls a “PX hero”…
Many were “self-awarded”…
Carter never seemed to garner much respect from CPD cops, viewed as brown-nosing knucklehead in posts on old Second City Cop blog site.
More than likely a triple merit promoted hack who has another big paying job waiting for him as soon as he leaves.
He’ll be remembered as fondly as Special Ed!