-- 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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Unfortunately he will skate free as RINO Lausch the Beverly democrat us attorney is afraid to indict Madigan as he was told by the Obama controlled justice department to do nothing. It was all show.
Hope he ends up in Club Fed and loses that fat pension.
Sorry if I missed it – who is he picking as his successor?
Lisa
Good Riddance! Now lock him up
Ain’t that just like a Democrat , create a mess and then run away from it.
BTW, Anybody see Rahm as of late ?
Rumor has it he’s still running.
Running right into a job in the Harris administration
I learned that when LBJ decided not to face the voters after creating assorted messes that we still deal with today. Democrats; their mo never changes.
Madigan saw long ago which way the wind was blowing and it wasn’t in his direction. Progressive nutjobs have usurped the levers of government power. They are forcing their culture war upon us all. Corrupt old white men need not apply. Madigan had no chance even without the ComEd scandal. Our new progressive power leaders are looking to put all of us in camps.
But interesting, he’s still head of party. He’s not goving that up
Probably in name only for now. There will certainly be some vicious political in-fighting now that Madigan’s political career is going flat-line. Progressives want that money, they want that power, they want Madigan in jail so they can pursue even crazier political agendas. I was the only person here to predict Madigan was not going to be speaker. Everyone disagreed with me. The one time I perused cap fax comments they were actively supporting his speakership, not a single person could even fathom that he would not be reelected speaker. They were all wrong. I also predicted he would resign… Read more »
Yup-you called it, hinzie on radio already saying he going to step down from d chairman. Sure machine will put some non-white pol in his place so fake progressive ctu types can not get any blow back for forking over their union dues for pay-to-play favors. But springfield will still run 100% onpay-to-play just not as many old white guys
Now Illinois is controlled by the domestic terrorist blm Marxist organization. That’s what the black caucus is.