-- 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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But the city DID abdicate control and ownership of the site. Do you really think anyone from the city or park district will have a key to the front door?
Fixed the headline for you:
“Obama Appointed Fake Judge Refuses To Stop Obama’s Jackson Park Public Land Theft”
You’re Welcome!!
Who supports these people? It’s an edifice to the ego of a con man who became a millionaire by never making or doing anything but “representing” the people. Utter nonsense.
The con man was always an alderman at heart, just looking for the next grift.