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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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Nothing burger describes Kwame perfectly.
I don’t trust the word of the crooked red light camera industry’s bag boy:
https://chicago.suntimes.com/2018/3/9/18367837/illinois-deserves-a-conflict-free-attorney-general
Mark Glennon,
What is the difference between Raoul pressing charges and the appellate prosecutor pressing charges? So long as the truth comes out, does it matter?
The concern is who is going to have to deal with the potential charges against those in the governor’s office who apparently processed and assisted the fraudulent workers comp claim, and whether somebody honest will do it. Is the appellate prosecutor more politically detached than Raoul’s office? I don’t know. Is this being handled like a hot potato to avoid the questions about the governor’s office? And notice that the statement in the article by Raoul’s press person is false. “The Attorney General’s office moved the [overtime] case forward by referring allegations of theft and forgery to the State Appellate… Read more »
Thank you for the analysis. There’s definitely a reason they’re making this so convoluted and I hope we find out, especially since the outside attorney’s report already laid out the malfeasance.
There’s a big coverup going on to protect Pritzker and his wife