-- 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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Larry Lightfoot has her big dick in the wringer now.
Beetlejuice apparently has managed to piss off everyone.
The closer to Election Day the more politicians turn their backs on Herself.
But, but, but, the “New York Times” sez she’s wonderful…!!! https://www.nytimes.com/2023/02/21/nyregion/black-mayors.html Black Mayors of 4 Biggest U.S. Cities Draw Strength From One Another The mayors of New York City, Los Angeles, Chicago and Houston have banded together as they confront violent crime, homelessness and other similar challenges. ““We have to be bold in looking at long entrenched problems, particularly on poverty and systemic inequality,” Ms. Lightfoot said. “We’ve got to look those in the face and we’ve got to fight them, and break down the barriers that have really held many of our residents back from being able to realize… Read more »