-- 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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Everybody always talked about how smart Madigan was and how he would never be caught. That didn’t age well. I truly hope all the fine folks over at CrapFax who worship Madigan are doing okay after their hero takes another hit for lying. He’s not going to enjoy the rest of his time on this planet.
LOL he wasn’t some criminal genius who famously didn’t use email or a cell phone. He was actually just too old to adapt to new technology. He had no idea how to use a cell phone. Yet everyone spun his ineptitude as some 4D chess to outsmart the Feds.
Mike Madigan is a lying politician? No way!
“…lying politician?” Isn’t that redundant?