-- Connecting the dots between our economy, government and business --
Bridget Fitzgerald isn’t just any 30-year-old living with her mother and father. She’s a 30-year-old living with a mother who is a Cullerton, as in state Senate President John Cullerton (D-Chicago), the man to whom Fitzgerald will report in Springfield if she wins.
Her campaign has been bankrolled by Cullerton and his family to the tune of $1,022,863 as of Oct 19, according to the Illinois State Board of Elections.
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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