-- 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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If the feds go these extreme measures it must be something! You’ll know the fix is in when he’s indicted for chronic sidewalk spitting. Perhaps looking at the wife? Barack’s goblin with an ax to grind?
Burke is just another name in the long, long list of corrupt politicians in Chicago. It appears he was better than most in his underhanded tactics because it has taken a long time for him to get caught. Greed, pure greed involving a person who is worth millions but wants more and more. What a dirtbag.