-- 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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Read the CWB Chicago article about the Cook County judge who was convicted of swindling a 95-yr-old Tuskegee Airman. Gee, she’s a shining example.
And why is there no online access to criminal records? Is it because Chicago is a haven for criminals? Methinksso.
Did anyone with a brain ever have faith in Chicago’s justice system? Does anyone actually see what goes on at the Daley Center or 26th street? Does anyone remember the dropboxes at the old traffic court? They weren’t for correspondence but there were always envelopes.