Audio: Wirepoints’ Mark Glennon says Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades – Chicago’s Morning Answer
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.
“This means she couldn’t be bothered to spend a little more than an hour a month watching videos that her own office provided,” said a veteran attorney and former assistant state’s attorney. “Burke was not sworn in until December 2. Foxx was certainly told by the (licensing boards) that her law license would lapse on December 1, but she still allowed [prosecutors] to file pleadings in court under her name on December 1,” the veteran lawyer said.
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.
Illinois lost another 54,000 tax filers and dependents, net, according to the IRS. Since 2000, fleeing taxpayers have taken $94 billion of annual adjusted gross income with them.
Who the hell is surprised that this clown didn’t follow the rules, laws, etc?
She actually was still serving as elected chief state’s attorney for Cook County with an expired law license. Should be permanently disbarred, fined for practicing law without a license.
I think the real surprise is that this wookie was authorized to practice law in the first place.