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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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But Madigan still isn’t and will not be indicted by RINO Beverly democrat John Lausch who takes his orders from the democratic machine. He needs to go, but I’m sure senile joe and the blm vp May keep him.
The Sam McCann campaign decoded here:
https://twitter.com/CitizenVMachine/status/1085657164515954689?fbclid=IwAR0PtMRG83kL5YLcbRqtJLIypFvEWZlng9oLDnjDNv02VLngzDNEdZdYtG0
I’m sorry, the federal government is way out of hand. An FBI attorney forged evidence to get a warrant and was given probation this week alone! Federal lawmakers engage in routine insider trading that would land any other person in prison.
The IRS has been involved in how many “incidents” with no one on prison. Is lois lerner in a cell? The federal government is 15 times more corrupt than those they target.
Of course, the plant of the ‘conservative party’ is a stooge for Madigan to dilute Rauner’s vote. And McCann sold his soul to the devil for this deal too. It’s the same losers over and over again elected to office. I’d love to see, like what happened in Wi, about 10 years ago a bunch of accountant R’s banded together as a team and they ran on the platform to fix the WI state budget. And they did fix it. If the IL GOP ran as a platform, dozens of real, qualified candidates with real backing, all selling the same… Read more »