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.
AND TO THINK HE WILL KEEP HIS PENSION
According to some he still deserves it, even though the time he spent in office as an elected official supposed to be spent for the good of the citizens instead was used to enrich himself and friends .
Ok Mr. Madigan, we are going to place the bribery money in an escrow account, and wait until you have successfully crammed through the legislation to pay you off. What a bunch of dirtbags. “Back then, our clients were the lone wolves crying foul. We knew that EIMA was bad for the ratepayers and obliterated any true regulation of ComEd as a utility. We also knew that Speaker Madigan had crammed the legislation through the General Assembly – we just didn’t know then that he did so as payback for numerous bribes ComEd had paid to his associates. But we… Read more »