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After two years of revelations, it's obvious Madigan's closest associates felt that no one could hold them to account, however foul the deed. It's time for the Illinois House speaker to go, Greg Hinz writes.
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 more paywall on Crains I see? The last time I read Hinz he was a water carrier for the democrats, now he’s all the sudden against them? Still he couldn’t write an article without a Trump bash, sheesh. I’ll know better next time not to click.