-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Burke’s retirement cake will say “I’ve stolen enough”
If 1/3 of the council members are new, looks for DSA candidates to start flexing their muscles. I would not want to be a taxpayer in Chicago when that happens.
He has his critics for sure. And the criticisms are deserved. And if the allegations are true, there is no good defense for them. But as a principal player over the decades of ” the city that works”, you can’t deny that he did some good things along with all the bad. And are there many of us Chicagoans who think things are better in the City now than they were in past decades when the Regular Democrats ran things (despite all their shortcomings). And those Regular Democrats by modern standards were pretty moderate folks compared to the ten socialists… Read more »
Burke’s Neighbors Will Miss The White Glove Snowplow Service He Arranged For Their Street
He’ll just be replaced by another DSA socialist. After they conquer Chicago they’ll start moving to conquer the suburbs too. Expect a commuter tax before the end of this decade.
Accused people have the right to a speedy trial. Burke’s corruption trial has been promised for 2 years and isn’t scheduled until November, 2023. They’re waiting for his death so they can clear far more corruption off the books than a trial conviction could ever resolve.