-- 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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“One of the ironies of the tax-evasion charges against Sandoval is that he was among the most prominent legislative advocates of a series of tax hikes.”
of course, this is how all these crooks operate! Thats why any politician that says they are going to raise taxes on you are a liar! They don’t want to pay taxes any more than you do!
This is pure schadenfreude, I know, but I can’t help but think back to Sandoval’s Trump “assassination” ad. Pride cometh before the fall, Martin.
It ain’t going to be pretty.
Funny thing about associating with unscrupulous criminal types: they tend to care about their associates about as much as they care for the law