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A just-released trove of documents show it was more than Madigan associates hitting up the utility. Cullerton and Durkin were in on the game, too.
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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And the media has ignored, glossed over, failed to report on and covered up democratic corruption in the state for decades. Only glaring incidents or when a perp walk takes place will the sham newsies cover it. Find a Republican out there that failed to pay a parking ticket and it’s a 4 page front page news story.
If Madigan gets away with it they all will. ComEd knows how to play by the “rules” in Illinois for sure, pay to play. Problem is ComEd will be the only one to take the fall, and they will just pass that cost onto us.
Interesting, Cullerton abruptly resigned to spend more time with his family according to him. More time before the cuffs come a marching for him, hum.