-- 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 slow walking of these trials is disgusting. There are two tiers of justice in America: one for the Democrats and one for the chumbolones. Madigan is likely collecting pension money and laughing.
He’ll never stand trial – too many skeletons in too many politicians’ closets.
Why not start the trial after they are all dead?
Because if they started the trials before they were all dead, they would all talk; and that is the last thing that anyone wants…