-- 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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I feel terrible for poor Jussie. He is suffering from what is clearly a case of judicial inequity. If he wasn’t a POC who could check multiple boxes on the right forms, he would have been judged guilty and forced to serve his time in short order, and this would all be over. Sadly, due to his privileged status as a FOB (Friend Of Barry), this case has dragged on in the hope it will all go away. But it still hasn’t, and as a result his entire existence has become a trashy carnival freak show. The public has seen… Read more »
Jussie is going to fight, cry racism, drag his heels and do whatever it takes to avoid the big house he should’ve been in at least six months ago. Foxx and “fixer”Chen instilled a false sense in him that he is above the law.