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.
Quite an informative read from Mr. Miller. Naturally with Madigan involved the usual web of complex back room dealings are present but one thing interested me, the unions. The telephone companies were apparently looking to remove a State law mandating maintaining the land line phone lines. The unions were against this law so the telephone outfits turned to Madigan The article points out. “Madigan could often move labor’s positions on bills he truly wanted to pass by finding something else to give them.” So then do we now know that Madigan would sell out his union buddies relying on throwing… Read more »