-- 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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When rauner was trying to battle out budget bills did madigan play his shell bill game? Or only now, when dems control everything in giant pork fest??
When reporting on the city of chicago the press is outraged by the lack of transparency and the shananagas of the burkes of chicago politics..but at the state level, its just the madigan way, business as usual. Zero outrage..progressive are comfortable with the setup–a easally duped public is key