-- 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 watched Tommy Dart screaming during interview on WTTW last week about how he was “ahead of curve” and “ outrageous” to question his pandemic response. He feels he’s being unfairly targeted. However, I wish the media would look into inmates voting on 3/8/20 and the spread of Covid19.
No social distancing, sanitizer or masks at polls.
https://chicagodefender.com/cook-county-jail-becomes-first-time-polling-precinct/
Ironically, these inmates only have one candidate to choose from on the primary ballot ballot for sheriff. it’s democracy in action in cook county! (I know, tom dart wasn’t running this year, but you get my point).