-- Connecting the dots between our economy, government and business --
“I’ve never seen things worse in this city than they are right now,” said the Rev. Michael Pfleger, a Roman Catholic priest and longtime activist on the city’s South Side. Much of the strain stems from the fact that it remains unclear exactly what the federal officers will do here.
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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Guy is a carney – a charlatan peddling whatever snake oil brings him viewers and listeners which results in a modicum of influence. The church because of its internal issues has never constrained this huckster who is not, nor has ever been, a uniter of people.
Well, my goodness Father…Your normal operating procedure throughout the year is to stand on any stage or street corner and scream about injustices and call for revolution..I guess you got what you wanted.
That, plus his picture on tv and in the papers
Now more than ever Chicago should become it’s own state. One fitting name would be State of Mayhem .Another – State of Pottersville. Any other names?
Apparently the Reverend hadn’t noticed Chicago was on edge long before any federal agents arrived.