-- 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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Why is it that no one gives a RAT$ A$$ about who gets elected mayor this year?
Does anyone have a theory about this?
Come come!! Step right up and be the first to address this political anomaly…
The Chitty of Chicago ALWAYS sells out to the Public Union Vote. It is the way the steal from the taxpayers. Always has been always will be. The Chitty has been destroyed by this and now they are picking the carcass for what little meat is left.
Is that really what the “business” community in Chicago has come to– relying on Emmanuel lackeys to help elect candidates for the City Council? Remember old Rahm– sell out out to the CTU. Zero effort to address the pension issues. Hide the Chicago cop shooting tapes. Attack fast food restaurants who don’t have a pro-gay agenda. Support more and more rights for illegal aliens. Is that our new business community in Chicago?
on the other hand, are there any of the progressive donors that aren’t CTU, SEIU, or their proxies?
There’s a lot of dark money progressive funds out there. No one really knows where they are spending it. https://www.opensecrets.org/news/2021/03/one-billion-dark-money-2020-electioncycle/ ‘Dark money’ topped $1 billion in 2020, largely boosting Democrats The 2020 election saw more than $1 billion in “dark money” spending at the federal level, a massive sum driven by an explosion of secret donations boosting Democrats in a historically expensive cycle. That’s according to an estimate from OpenSecrets. The billion-dollar sum includes a whopping $660 million in donations from opaque political nonprofits and shell companies to outside groups. In 2020, dark money groups preferred to bankroll closely-tied super… Read more »
I wonder who the Chicago Writer Guild is putting thier $union dues$ behind??