-- 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 will never trust you Susana. The only reason you’re not nobody nobody sent was because of Corrupt Ed Burke (Chief Justice Ann Burke’ Corrupt Husband). what favors did you trade to Ed? Nothing is for free, Susana.
“”Thank you so very much, Alderman Burke, you are a true champion of mine. He is really primarily the reason why I stand before you today,” Mendoza said in the 2010 video.”
https://abc7chicago.com/politics/old-video-of-mendoza-hugging-burke-creates-new-stir-in-mayors-race/5031385/