-- 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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Right now, it takes the Clerk’s office three to four business days just to respond to an email request for a copy of a normal court filing. If it’s something a little more obscure, good luck, you’ll likely never get a response. however, if you’re willing to stop into the Clerk’s office in person, it’s fairly empty, and the Clerks are a little more willing to help you with what you need.