-- 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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It’s clear at this point that Madigan had a for sale sign outside his office. If you met his price, your legislation got pushed through. They still defend him over at CrapFax.
If your one of are public sec heros who fancies themselves as a progressive what possible shred of moral integrety can you have knowing your union dues are still going to fund this dispicable piece of crap ghouls legal fees?
Illinois’ 2 major domestic products
— Corrupt Democrat Crooks
— Dead Babies