-- 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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Lori has votes to buy. She knows investing in Englewood produces zero return and is quickly destroyed.
How about the Obama Center?
Is there system racism against the Obama Center?
It’s not racism.
If the people in Englewood were white, and the loop was black, and the big money was in the loop, Englewood would still get the shaft.
It’s a matter of the bigger fish gets the worm.
There are plenty of wealthy black people that have privilege.
Different type of example, but for instance, how about Barack Obama not wearing a mask at his party, yet the staff wore masks.
etc.