-- 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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They will put up a statue of him to honor him. Everyone knew what he was up to for years and kept him in power.
Madigan will never see a day in prison never.
Lock him up and take away his pension.
Save the taxpayers a few bucks. Skip the 12.5 yrs, and get out the saddam wood chipper for this MFer and blast his chunkie meat parts over all his capital rubber-stamp house machine buddies…..sorry, so sorry if that’s over the top. NOT!!!
1 1/2 million ? Drain his accounts .