-- 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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This is what the mentally ill woke sickos think is important
Ii is a fact- Chicago is withering away and rotting from the core. Get out while you can.
Suburbs are great- just do not bring your liberal city vires with. Leave them in the city.
I’m thinking that the UHaul drivers waving good bye to Chicago will be saluting their former home with a one fingered wave.
She will forever be known as one of the Gang of Four that destroyed a vibrant Chicago. Others are Kim (Soros) Foxx, Toni (we don’t need to consider taxpayer views) Preckwinkle and Tim (forever incompetent, and proud of it) Evans. We also can’t forget what JB (UHaul VP of Marketing) Pritzker has done to this formerly strong state.
Lori won her election 55-40 as did Pritzker win his by the same margin. Kim Foxx won her last election 54-38 against an old-style machine pol running on a law-and-order platform. Now it’s true that only about 30% of eligible voters voted in the municipal elections, but the other 70% acquiesce in the status quo by not voting. There was no drama before election night as to who would win. So on that basis only about 11-12% of Chicago and Cook County voters actively oppose the status quo. There is no evident appetite among the public for what people on… Read more »