-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
See, I’ve been saying this for a while now. Every subpoena, every wire, ever grand jury, every charge, everything has been for one purpose and that’s to get Madigan. But they’re not going to get him on some major home run of a charge. It’s going to be a public corruption charge, or a tax fraud charge, or some process charge. The tapped phones are worthless for this guy. It’s going to be all about the paperwork. Madigan is a lawyer and he knows that. Somewhere there is a piece of paperwork with his name on it that contains an… Read more »
How does the 2 party consent law factor into this? Illinois and 10 other states have this law that both parties must agree that a conversation can be recorded. Does Federal law trump state law pertaining to that matter? Madigan is always a few steps ahead. I understand that in this day and age he does not have a cellphone . Maybe they need to subpoena his carrier pigeons!
Two party consent doesn’t apply because it wasn’t Solis recording the conversations. It was the government recording the conversations, pursuant to warrants. Madigan is toast if he thinks he’s going to outsmart the feds. I don’t know the guy, he never makes public statements, but there is evidence he’s just a guy in the trenches like everyone else, getting METRA jobs for local guys in his ward. At the end of the day it might be the patronage and his name signed somewhere that gets him. He’s toast, he knows it, he would be *insane* at his age to not… Read more »