-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Director of the tollway makes in excess of $200K a year. Chairman of the tollway board makes in excess of $200K a year. Evan’s brought in 11 friends of his to new positions at the tollway most them earning 100K + a year. Biggest corrupt agency in the country.
200k isnt a lot of money to run a tollway system. Only teabillies think making 100k is a lot and makes it corrupt. Almost standard for most executives at any business. Just jealous teabillies hating on the successful. Bunch of losers.
You are correct. $200k is pretty standard salary for an executive position.
The problem lies in that it is a political job with political appointees who are often and usually unqualified and incompetent. These people would be walking and grooming dogs for a living if they didn’t get a political hack job with the Tollway.
And the absurd pensions.
Poor dogs. Hate to see what they would look like. Probably would end up with transponders around their necks.
The absolute most corrupt and unmonitored agency in the state. Nothing but scandal after scandal over decades. The Illinois Tollway repaired bridges over I90/I39 near me, 6 months later there were potholes in the bridge decking. Try and talk to someone at the Tollway Authority, it’s impossible. I tried, called the county highway dept and they said call the tollway. Called a state rep and his office was trying but the the tollway said it’s a County problem and the County says it’s a tollway problem. Bottom line, nothing fixed after several hundred thousand dollars was spent to “repair” the… Read more »