-- 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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Another corrupt Illinois Dem going to jail soon.
Shoukat Dhanani is the BK dude who Ed Burke tried to shakedown in Chicago.
He is one of the largest BK franchise owners in North America. He also owns a lot of Popeyes.
Brands – Dhanani Group (dhananigroupinc.com)
Ed Burke needs to be put in a cell in Marion.
Mikey Madigan can join him next year as his bunkmate.