-- 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’m here to tell the carnival barkers, the doomsayers, the paid professional critics – the State of our State is growing stronger each day.” I accidentally heard this clip on the teevee today. Jabba’s sure as heck not talking about Capitol Fax. But what I want to know is where he is hearing these naysayers, and carnival barkers. He is a yes man himself, and he surrounds himself with other yes men, none of whom are whispering in his ear, ever so quietly, “you are governor of a failed state, there is no glory in that”. The answer is nobody;… Read more »
When Jabba refers to carnival barkers and paid doomsayers he’s referring to himself when he whines about the disaster he tells us is coming if Illinoisans (including illegals) don’t vote for his blank check amendment
As usual blah blah blah same old political crap, do you think the Democratic Party is going to give up its lucrative lobbying business, hell no. As far as property taxes, not a clue jabba on how to handle it, invoke a 2 year freeze and use the time to come to some form of relief, true meaningful relief. People don’t have the rest of there lives for your 88 member property tax force to come up with answers, ask the people. As for the rest of your speech, all you did is repeat yourself over and over, yes it’s… Read more »
Madigan’s power and wealth comes directly from his lobbyist activities. AKA MadiganEd instead of ComEd
I refuse to read this or listen to it. He has nothing of importance to say. I mean, I’d watch him in a hot dog eating contest, but I sure as $h it ain’t listening to him tell me about his awful disgusting pathetic political views.