-- 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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First get all his bank statements, find out where the money is, then bury his a$$ in the farthest corner of the prison
The expensive stalling tactics of Madigan’s defense have backfired.
Madigan’s harm to the state exceeded Blago’s, both in duration and financially. Blago’s sentence was longer than what is proposed for Madigan and Blago was likely over sentenced, we shall see how this plays out. I see that Madigan is worth $40 million and his attorney argues his worth is to be ignored, which is absurd. Would Madigan have obtained that wealth without his political roles? As for Pritzker saying he’s expanded ethics laws, another absurdity because they apply a one inch solution to a ten foot problem. He’s a couple toilets short of making a compelling case for his… Read more »
He’s a criminal and has been for decades. Lock him up for a long time.
Hmm.. let’s treat Madigan like, say one of Lil Kim’s repeat felons, and give him credit for confinement since sentencing, the “ mandatory 50% reduction in sentence for good behavior “, another year off for learning his ABC’s while confined, etc. Oh shoot, he should’ve walked two months ago and can now sue IL! Right, Kwame?