-- 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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Chuy Garcia is a huge blow to Lori Lightfoot’s possibility of being re-elected, but his candidacy is going to tear down the CTU’s candidate for mayor as well as some others. Maybe they wrote this before Garcia’s announcement.
Chuy’s presence all but eliminates Brandon Johnson from contention, who already had an uphill battle in a crowded field of Black candidates.
At this point, every additional liberal candidate that enters the race clears the path for Paul Vallas.
Chuy will likely win. He’s just as much as a communist as Lori, if not more, but he has a good ground game.
Lori’s losing will only pave the way for a totally DSA communist city council and an even further progressive mayor.
LOL, what?! Many of these CTU-backed candidates ran in districts already dominated and redrawn by Democrats and/or ran unopposed. You could have removed CTU entirely from the picture and they still would’ve won. Point out one CTU-engineered upset. I’ll wait.
I was a little disappointed wp didn’t make it on ctu’s official hit list? Especially after the wsj piece
Illinois’ crooked and corrupt government union gangsters and racketeers are the cancer that will kill Illinois