-- 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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Miller and his minions on CrapFax loved Madigan. They spoke glowingly of how he ran his organization and was too smart to ever get caught doing anything wrong. The blatant stench of conflict of interest was all over Madigan, as his private law practice specialized in real estate tax appeals, but Miller and crew looked the other way. The liberals always loved them some Mikey Madigan. They have a new hero now, no less power hungry or vindictive than the velvet hammer. They kneel before Pritzker now, and they’re counting on him to take them all to the promised land.… Read more »
Maybe there really is a the Law of Omertà for Mapes and his crew. Maybe he really did fear for his life if he ratted out his friends. I doubt Mapes lied on the stand out of a sense of loyalty. He likely feared 30 months in prison less than he feared retribution from whatever nefarious entities are behind Madigan.
Pritzker’s parasite detaches from the host and slides out of the fat folds to spout his master’s press release. Too bad that Miller is to dumb to realize that Pritzker is the new Madigan. Meet the new boss. Same as the old boss. Just as evil. Just as corrupt. A bit wealthier, much much fatter and not as smart but the same tyrannical boss all the same.
Mapes is just another corrupt Illinois Dem.
He will get the top bunk at Marion once the Illinois Dem King Mikey Madigan is convicted this year.