-- 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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If he were a Republican Vrdolyak would have been sentenced and in prison long long ago. More slow walking of ‘justice’ for the preferred Democrats. Same thing with Madigan Burke and their cabal of criminal coconspirators. The process will be so long and drawn out that they will all spend long and comfortable retirements at home until they are “too old” to send to prison on grounds of compassion. Garbage.
Really! Oh sure!of course it’s the pandemic. Everybody will blame the pandemic for any disaster of their making. Mmm nobody buying the pandemic, excuse? Blame Trump’s shoes!
Oh hell, just take him out back of the police station give him a last smoke and call it a day
But Burke and Madigan will skate free because RINO Beverly democrat friend of Lori fake us attorney John Lausch has let them slide. Vrdolyak is a Republican so he is faced with a much harsher set of rules.