-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
They’re all going home and any politician that resists will go to jail.
Don’t think any politicians will go to jail.
There will most certainly be a test case where a high profile politician is charged for aiding and abetting or interfering with federal law enforcement. Pam Bondi hasn’t even been confirmed for DOJ yet. Give it time, someone will be charged. And possibly go to jail. Not prison, but held in jail while charges are pending.