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.
No way is Madigan going down. What these people fail to realize is you have to be Machiavellian. They might be sticking the knife in but it’s only a flesh wound—and it might be organized behind the scenes theater to placate the voters. Madigan is the power. Power draws money. JB will bend the knee to him. If the FBI tags Madigan, maybe there will be some movement but with a Biden Presidency that investigation slows, or ends. Lightfoot made a huge mistake with Ed Burke. She wounded him, but didn’t kill him. He waits and will dine on her… Read more »
The machines has to keep mikie around long enough to gerrymander the districts reponsible for electing kilbrides replacement and assure state supreme court remains anti pension reform machine friendly…