-- 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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I believe the bathrooms in Trump Tower have toilets
“Those are the result of an anonymous complaint the inspector general’s office received last fall that Mauro Glorioso, the executive director of the Illinois Property Tax Appeal Board, pressured his staff to rule in the president’s favor, rejecting the staff’s decision to deny Trump any refund. ”
So, another anonymous whistleblower witch hunt. This stuff has to stop.