-- 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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Maybe reporters are hitting the streets now visiting areas with a Footlocker on the Southside of Chicago to determine the location of the Region 6 office.
No mention of the ward, neighborhood, or block of the soon to be infamous office, or what POD is an abbreviation for.
If it keeps happening to them campaign after campaign, why aren’t they switching parties?
But, but, but,….How could this be? Democrats suing other democrats for racial discrimination?…I’m wondering if President Trump is also named it the suit.
The employees and the attorneys only want 7.5 Million, about 750k for each of the 10 employees.
…”and award the plaintiffs back pay and other damages to make them “whole for all earnings and benefits she or he would have received but for Defendants’ discriminatory treatment,” as well as punitive damages and attorney fees.”