-- 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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Clemency is overused in IL – do the crime/serve the time.
clemency hearings indefinitely postponed
I’m totally OK with this right now. too much crime out there. Don’t need more criminals on the street.
Get ready for the multi million dollar lawsuits against the taxpayers of Illinois when the social justice, gutter dwelling, ambulance chaser shysters file claims about how their clients suffered irreparable damages. Maybe Pritzger should be forced to pay, maybe the democraps who are totally in charge of the state should pay. Nah, taxpayer money is easy to spend, oops, waste.