-- 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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If I were the FBI, I would talk to the businesses that did “business” with the corrupt pols (Madigan, Burke et al) and threaten them with fines and legal action for bribing pols. The businesspeople will sing like canaries.
I agree that more needs to be done in the area of political corruption around here. Respectfully, you fail to understand that it’s the system that allows fully legal “bribery” in the form of political contributions and purchasing “services” from these politicians in the form of their law firms. There is technically nothing illegal about a business doing that, since the power is in the hands of the politicians, not the other way around. It’s like saying we should fine and punish victims of the mafia for doing what was demanded in order to survive. They are already afraid for… Read more »
Once again, where was L. Madigan, Alverez, K Fox, or Raoul? realize they have limited powers and can’t wire tape, but they do nothing to fight the corruption right under their noses. people have been calling for the city workman comp , controlled by burke to be audited for ages, and at the very least could have cracked down on that.
also very curious how st (with their ownership) got there hands on affidavit? was it leaked for political hit job purposes?