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"Lori Lightfoot’s tenure as the city’s mayor could be coming to its natural end."
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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Watch Lori closely. She’ll extract herbvengence on Chicago for exposing her as being a small stupid fool. And ruining her dreams of higher office.
What’s scary for me as a chicago resident, Vallas will beat Lightweight but lightweight won’t make it to runoff so you’ll get Vallas vrs Garcia. The dem machines 100% behinde Garcia and he’ll win
As screwy as she is, I’d still vote for her in a hart beat if the choice was her or garcia or johnson….more ‘lesser of 2 evils’ voting. Nothing new for Chicago or ill…..so depressing
And if the choice were Preckwinkle vs Larry I’d still vote for Larry. All Chicago voting is a lesser of evils.
“Nasty, short and brutish.” That’s a might tough, but accurate description of Lightfoot by The Nation, which is part of her far left.