-- 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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This is among many articles we have written about Martwick. Nobody has been more irresponsible about pensions. And he chairs the Senate pension committee! https://wirepoints.org/senator-robert-martwick-at-it-again-leading-move-to-increase-chicago-pension-liability-by-billions-wirepoints/
Great job defending yourself Mr Vallas from scurrilous machine goon Martwick. But also fantastic job exposing that there’s no difference between old school pay-to-play machine Martwick apparatchiks and fake progressive “new machine” Stacy, Brando, Tony, etc. They’re all the same despicable self serving grifters!!….A fantastic must read.
I have met Martwick a dozen or more times over the past decade. He is, in person…….smarmy. Ive heard multiple people compare Martwick to Eddie Haskell in Leave it to Beaver and that is spot on. You want to wash your hands and take a shower after being in his presence.
Why is he not being investigated
Dead on, Paul. Shine a light on these grifters.