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.
He has the votes to remain Speaker……quietly working the back room with a little reassurance and cash. Question: If he remains Speaker, what happens to his relationship with Pritzker, Durbin and Duckworth who called for his head? Pritzker has no spine, so he will roll over. Assume Duckworth is the same, she needs his money. Durbin was just re-elected. Will he find ethics or not?
He doesn’t have the votes. The Feds need to drop the hammer on the clown and put an end to the travesty that is Mike Madigan.