-- 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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Kangaroo court purchased by fatboy.
Rochford and O’Brien are surely in quite a pickle. They’re likely going to insist they will be impartial but then, when it’s time to issue a decision, they’ll rubber stamp Pritzker’s law. If they don’t rubber stamp, they’ll feel the ire of Pritzker one way or another…..Oh, lookie here, the Dept of Revenue AND the IRS are conducting an audit?
Both these “justices” are bought and paid for by Pritzker, through his huge campaign contributions. They would not be where they are without his money. We all know these things. The integrity of the court is at stake.