-- 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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This entire system is based upon public sector union’s bribery and ownership of Illinois Democrats with massive campaign contributions (criminal bribes) and boots-on-the-ground at election time. Make public sector unions illegal in Illinois and this entire RICO mess collapses. Without the lifeblood of public sector union bribes and money, Illinois Democrat party ceases to exist.
Nothing will change in Illinois until public sector unions are busted.
Whatever shred of credibility Madigan had is gone now. Come on Feds! Get rid of this guy.
like I said before, sometimes I think that Madigan IS the rat, and they let him stay in power in exchange for info on other corrupt politicians.
Very true, it’s amazing his daughter Lisa didn’t run again for states attorney. Somebody knows something correct Madigan. You maybe told your daughter to get out now, did Madigan know all these politicians were going down. Raoul is clueless so that is good for Mikey, stay tuned.