-- 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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The Democrat machine loved to talk about the genius of Madigan. Everyone knew he was a slimeball, but he was so smart he couldn’t be caught. They worshipped him for this, as if it were something to be proud of, which says a lot about them. You can find them over at CrapFax, where they now feign outrage about Madigan. But they aren’t angry about his nefarious behavior, they’re just angry he got caught.