-- 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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No question he has fully signed on to the inner City, union and minority agenda that has destroyed this state. But don’t count him out yet on the criminal investigation. He is probably the smartest politician in the US over the last 50-75 years. (Maybe Bill Clinton is the exception. hard to think of anyone else who might be.) Look how he has maintained his power over the dramatic changes in the demographics of Illinois since the 1970’s. Without a doubt the most careful and singularly focused public official ever to serve in Illinois.
How much of madigans $25 mil is donated from our under compensated/ zero layoff/ zero risk public sec union heros union dues?
There all afraid to lose the weasel, once he is gone which I hope is soon gigs over and these union thugs know it. Bye bye you’re plush lives will be over, Madigan is gonna need all of it for his legal bills hey mates
There will be another slug sliding in to try and take his place. Unions are probably grooming already.