-- 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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Bet you they change their mind after today’s committee vote
Lock up him now!!
This is such a disgrace. Everyone knows this 82 year old man is corrupt, toxic, and likely to go under federal indictment soon. Yet here we are, only a few votes away from making him speaker again. You can say “the voters of IL” but it’s not all voters. It’s only Democrat voters alone who do this. All of whom do so for power.
Some of the voters of Illinois vote for Madigan by not voting.
I should add that based upon my unscientific survey the number of non-voters is significant.
The voters gave nothing to do with this.
Madigan will try to wait them all out. He has done this repeatedly.
So the magic question if the 19 don’t vote for the weasel for which I would bet a 100 bucks some or all will change there minds ( even though I don’t gamble ) who is up to succeed him are there any candidates any input.