-- 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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There should be a state holiday celebration for Madigan. It could be called Illinois Corruption Day, let all government employees have the day off to celebrate. What he did was standard operating procedure in Illinois. If you do not like it leave or stay and get laid.
The massive slow-walk of this case is disgusting. Even when Madigan is eventualy convicted he will spend minimal time in prison before he dies. Clearly if you are a Democrat the corrupt system will protect and coddle.
I doubt Madigan will ever spend a day in court. His lawyers will use every delay tactic they can, and then, after they’ve exhausted every possibility, Madigan will produce a doctor willing to testify he has some mysterious and incurable illness that prevents his presence. All we can do is take comfort that the scumbag is burning through cash on legal fees. Sweet dreams Mike.