-- 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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Pritzker Group, an investment firm controlled by Tony and J.B. Pritzker … in consulting and audit firm Crowe Horwath LLP’s transaction services … coincidence or is this a affiliation is this not a conflict of interest ?
What is the political tie there? Aren’t there reporting requirements if it is public money? Why isn’t the consultant held to some level of responsibility?
Im sure at DCEO are AFSCME heros with thier giant pay raises are working productively from home just like at IDES & IDPH…..no questions asked
Time for priztker to be investigated wonder what his affiliation is to this company. Just my take but it’s only a matter of time before the feds come a knocking.