-- 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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“”We work hard every single day to make sure people feel safe because they are safe,” Mayor Lori Lightfoot said” There can only be four possible reasons for such an obviously self serving and untruthful statement. 1.She has been lied to. 2 She is unbelievably stupid. 3. She is totally blind to what is happening in her city. 4 She is a total liar, and a bad one at that. There is also a fifth choice,i.e, all of the above.
I’ll take the fifth.
Lightintheloafers will be remembered as the Mayor who finished off Chicago. I’m going to nominate her for the annual Coleman A. Young award for excellence in municipal governance.
Hi! I’m Lori Lightfoot and I am full of shit! If the city is so safe, why do you spend millions on a security apparatus? Oh, I get it! The city is safe but nearly everyone wants to puts hands on you!
You forgot she also has the biggest ???? in Chicago.
If it’s so safe let BD Lori walk around without her police detail.