-- 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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Is Madigan era over? What a dumb question. It isn’t “Madigan era”. Its the Democrat machine. Madigan just happened to be the most recent corrupt Democrat at the head of the crime syndicate. The criminal enterprise between Democrat politicians and public sector labor unions like AFSCME, SEIU, CTU and IFT is still going strong. Crush the unions and start sending the union memebers to prison alongside their political puppets and then you end the Democrat machine.
I love that response. These insider contributions are warranted because there has never been a black candidate elected from that district. Oh. OK. Sleazeball insider pressure is ok if you are fighting racism? Huh?
Welch says “that area has never elected a Black person or a woman to the bench”.
What he doesn’t mention is that her opponent is also a qualified black woman- Chloe Pederson.