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Ultimately, Solis became one of the most productive moles the FBI has ever unleashed on the Illinois political landscape. He recorded countless private conversations with now-indicted Ald. Edward Burke and the developers and business people from whom Burke allegedly tried to muscle business for his law firm, as well as then-Illinois House Speaker Michael Madigan, who faces his own federal corruption trial, and business people Madigan was soliciting.
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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