-- 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 it is true in one of these articles that Madigan said” I do not recall “or ” I do not remember” at least 100 times during the deposition would that not state that he may have a medical problem like dementia or alzheimer’s? Even though it is legal for him to say that should warrant an investigation into his health status and may not be fit to hold office. Many seniors younger than him have dementia.