-- 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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That interview was gibberish. Illinois looks much like the collapsed Brady (Bill and his brothers) real estate empire in Bloomington. Their creditors have begun to run out of patience.
https://www.pantagraph.com/news/local/crime-and-courts/pliuras-name-bob-ed-brady-in-million-lawsuit/article_c1672397-e9f2-5c67-b190-a8fc11c39113.html
This is the genius who was so confident he had already won the governor’s race that he diverted his own staff to assist mark Kirk by attempting to knock Stufflebeam off the ballot; you know, the huge threat that the Constitutions party is in Illinois. As I recall he diverted 3 campaign staffers to taking out Stufflebeam. It was an interesting sidetrack with former republican lawyer Doug Ibendahl (a good man) representing Stufflebeam in court. Brady went on to narrowly lose to the Forest Gump of Illinois: Pat Quinn. Had he used those staffers to develop his ground campaign Brady… Read more »