-- 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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His cash is hidden in so many places you will never find it all.
Madigan will never see a day in prison.
Putting the angry Irish gnome in jail for two weeks before he cops a release on medical grounds serves no one. Take his pension and the salary he was paid when he was supposed to be working instead of scheming to feather his nest.
But his Dad never hugged him!!
Have some empathy.