-- 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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Bravo to Kass for writing this article and bravo to Wirepoints for posting.
Kim Foxx is nothing but a world class turd. Let’s hope this decision of hers will be her downfall.
So the Cook County States Attorney AND the Illinois Attorney general both decide casually to not follow the law? Only in the perverted Oligarchy of Illinois. Disgusting.
If Illinois were a country instead of a state the citizens would be making Molotov cocktails and planning violent revolution.
They’re both taking their marching orders from one of their biggest campaign donors: George Soros.