-- 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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As Mayor, Tunney will be up your butt:
https://chicago.suntimes.com/2019/1/20/18314342/tunney-lashes-out-at-ricketts-family-for-targeting-him-for-defeat
We need about 40 fewer aldermen — and note that I used the word “aldermen” since there is no proper English word “alderpeople.”
Tunney is just another (D) authoritarian control freak, another hypocrite who was busted keeping the back room of his restaurant open and mandate free while supporting lockdowns, masks and fake vaccines for everyone else.
Lori’s cut has gotten too big. Tunney wants Covid back so he can open another blind pig!
If aldermen are leaving, the only reason is that the opportunities to line their pockets have diminished or disappeared. Good.