-- 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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Ferguson is pure scum who sold his integrity for a new contract and more staff. He refused to investigate Steve Berlin for filing a false police report (a felony) against a handicapped person in an attempt to stop him from being critical of Lori. He will soon be taken to task and exposed for this crime.
Lori’s governance flaws are not unique to her. Nearly every big city progressive mayor made the same decisions as Lori. That’s because progressives don’t see progressive policies as mistakes. The list of cities destroyed last year by progressive mayors is long stretching from Seattle to New York City. Only the fools like Kass living in his Tribune bubble with his Tribune paycheck, employed by the scum, would have cared if Lori would have been a reformer. Being an outsider or an insider is completely irrelevant. The only thing that matters is whether the mayor is a progressive or not. Because… Read more »