-- 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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They must not have paid off Madigan’s wife enough!
“On Thursday, April 21, the state high court ruled 6-1 in favor of a coalition of road and transportation contractors, with the majority declaring the language of the so-called Safe Roads Amendment applies equally to Cook County and other local government funds, as it does to the state’s transportation money.”
ALSO KNOWN AS THE UNIONS’ GUARANTEED PAYMENT PLAN
The Illinois Supreme Court ruling won’t stop them. That ruling only applies to those who are not corrupt politicians.
Crooked Cook County Democrat Boss Preckwinkle should be sharing a jail cell with Madigan
She’s 75 years old and will be running for re-election. I don’t know why most of the Democrat party leadership is elderly but it seems that way. It’s time for them to all retire.
Many elderly politicians! Indicative of how hard they work. The only time politicians sweat is when they’re lead into the courtroom.
How did the Wuhan Red Death not get her, fat, old, high BP. Ivermectin??????