-- 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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The noose tightens
Madigan, the Dictator, and their cronies need to have their passports confiscated
The walls are closing in on Madigan and other Chicago Democrats and their minions.
Unfortunately federal investigations are lengthy so I wouldn’t look for any short term indictments but it appears Madigan and crew are in the crosshairs.
Greylord lasted over 10 years. It also led to other investigations. Hopefully this is just the beginning.
When Biden wins it’s all over. Obama will fix it all. RINO Lausch waited too long on orders from the deep state.
Sigh… it will be the IL version of Russiagate – failure of justice 🙁