-- 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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As maligned as foxx is im all for pot expungements. But the kicker with this story is that cc has to team up with non-profit to assits in expungements,,why isnt cc relying on dorthy brown and her crew of county union patronage slugs to sort thu all the carbon copy document lock away in a storage facillity some where???
Hmmm, wonder if the paper shufflers worken for the non-profit on the pot expungements, or for deloitte on the countycare health audit are signitory to seiu/afscm or even getting prevailing wage..if your work for dorthy brown you might want to call kwame or mendoza and file a grievance, because there stealing your god given right to shuffle carbon copies around at cc clerk office until you hit 55.