-- 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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April 2024 is no where near ‘near.’
The Tribune is a rag.
Stupid chickens.
“As the trial nears”. Now that’s funny since the trial is set for April of 2024. Everybody indicted will be dead by then or too sick to stand trial so it will be argued that for “compassionate reasons” Madigan not be put thru the difficult of an arduous trial.