-- 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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Time is running short to hustle up the wheelchair and oxygen mask/ tank needed before the trial begins. The “ confused old man “ defense worked for Joe re the classified documents, why not for Mike?
Yep, Madigan will play the “too old, too sick” card for sure. Probably has several expert witnesses lined up to testify to his dire condition.
Madigan’s attorney’s are trying to run the clock until he passes away so he will have a history untainted by a criminal conviction. He is also doing this to insure the political future of his family. Take him to traila now.