-- 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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Duckworth only got in because she put her disability out there for the violins to play. Many people have disabilities that can not be seen or if they are seen they do not harp on them as she does. It is a shame that she lost her legs but she is alive. Many people have gone thru things just as tough if not harder and they do not harp on everyones heart strings –they go about their lives.
I agree wholeheartedly and those three scumbags should resign too!!!
The empty suit Duckworth calls out Madigan. While he is a piece of s__t, this is rich.
Himself has flourished in Illinois politics for 50 years. He hasn’t wilted under pressure before. Somebody is going to have to take him on and win. With Trump’s defeat the new US attorney will be a tame Democrat who will take the federal pressure off him.
The whole lot of them need to go.