-- 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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I didn’t watch much news this weekend but why is WBEZ the only outlet covering this?
Because they want him removed and replaced with a democrat socialist.
Oh but Madigan doesn’t use cell phones or email, he protects himself. Hahahahahahhaa….his mistake was surrounding himself with a bunch of shady, degenerate power hungry sexist underlings who are all getting in line to rat him out to the feds. Testimony is so much more powerful than some email.
Not “Will they roll on him?”, but “Who will roll first?”