-- 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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As I’ve said all along the White House is Pritzger’s ultimate goal. But his offshore accounts will be his undoing. Republicans will rip him to shreds over it.
Technically they’re not his accounts or trusts, his older brother is in charge of them. His brother allows JB to take disbursements from the trusts…Which is even more embarrassing that the gov. is not even in control of his own money.
To the point of who this character is in the Illinois governor.
Everything has been put in his lap.
This should be required reading for every registered voter in the state.