-- 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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Hard to imagine there are still former justice lawyers floating around with security clearances. How disappointing an executive order hasn’t already been signed.
What about the law firm in the Three Stooges? Dewey,Cheatem and Howe!
Albert Jenner is spinning in his grave over what has become of the firm that bears his name. This is classic ‘FA, FO’, as the kids say. Their suspension is warranted, as are the ones for Perkins Coie and Paul Weiss. All three monetized access to classified information, with Perkins Coie grifting from their access for naked partisan activiies.
Sorry, Albert. Your legacy deserves better. Your profession abandoned ethics a while back in favor of TDS. Shame.
Another shot across the bow of the gun control committees of the ruling class to paraphrase the late Sherman Skolnick!