-- 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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Madigan is the most “MUTE” speaker of the house in the country! He should get a side job as a Mime.
Why is Pritzker not calling for Madigan’s immediate arrest? I thought Pritzker was a good guy trying to clean up IL? I realize he has just now learned of Madigan’s corruption, but still… Really they just have to wait until January when Biden is president, then the FBI investigation can end and everything can go back to normal? Does anyone know when shrooms will be legal here? I need some.
How the rats turn on each other….
What a cowardly deflection on Pritzker’s part.
The Dictator should follow his own advice