-- 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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Can’t find right unemployed POC not from Illinois. Anyone else realize that Chicago is now governed by Lightfoot-appointed out-of-state carpetbaggers whose loyalty lies solely with Lori herself?
Which professional in their right mind would consider the job?
I nominate Forrest Claypool it’s time to bring out the slimey salamanders. Alexi Gianoulias for SOS! Maybe Danny Solis will run for Governor.
Hmmmm….I guess votes have consequences. Chicago business leaders were stumbling over each other for a photo with Lori.