-- 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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Lightfoot is a racist, incompetent, ignorant, enabler of crime and an affirmative action queen. She needs to resign.
LL has already formed and built her lasting legacy in chicago. It is set in stones and grave markers. A quick projection from past murders and future murders will have a body count approaching 2,500 coffins containing dead gang members, innocent adult bystanders, and the most egregious record of hundreds of accidentally or intentionally murdered children. There could also be as many as 10,000 eligible for the chicago Purple Heart for their wounds. And all because she hates her police department and does nothing to take responsibility to stop the senseless violence that has overtaken every neighborhood in chicago. Quite… Read more »
Lightweight behaves like a petulant child. Her legacy will be incompetence exceeded only by arrogance. Do everyone a favor and resign immediately Beetlejuice.
her legacy is a tenure worse than Jane Byrne’s.