-- 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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Pritzker should have been sanctioned for having had donated to opponent GOP Bailey’s primary last time around too. Illinois Democrats are the worse.
And? Chuey shrugs off the criticism and rides off into the sunset with no repercussions from his switcheroo deal, which is becoming more commonplace in the Dem party since it was pulled on Joe. Now if you want to negate his actions, allow others on the ballot and put a crimp in his pension to cover the costs ( along with punitive damages ) then that’s something.
Garcias action is indefensible, yet some of the usual suspects are defending him. Tells you a lot about them, too. A forgettable mediocrity leaving office wouldn’t cause a ripple but for the way he’s leaving.
Oooh a strongly worded letter!! big deal, no difference than Pritzger buying the governor seat and the Illinois Supreme Court nothing to see here
POS used the “CHICAGO WAY” He’ll keep adding his 2cents even though he is not in office.
Doesn’t Rep. Perez understand how IL works? Daley succeeds Daley, Lipinski succeeds Lipinski, Stoger succeeds Stroger, Burke succeeds Burke, Emil Jones, Jr. succeeds Jones, Sr. Those are only the ones I think of off the top of my head. This has been going on throughout my lifetime. The Chicago way. Obviously! Voters don’t care. Anybody got more examples?