-- Connecting the dots between our economy, government and business --
Mayor Lori Lightfoot used her speech to tell the Biblical story of Lazarus, the dead man brought back to life by Jesus and his rock-solid faith, and likened his story to what has happened on Chicago’s West and South sides, which have suffered for decades from grinding poverty, disinvestment and violent crime. “We can breathe new life into the people and places that have been left for dead. These are not just words. We proved that over and over again these last four years.”
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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It is amazing how some of these fools can lie to themselves– and really believe their own BS. She seems to truly believe what she is saying. I don’t think any rational person can point to one material aspect of life in the City that improved while she was mayor. Not one. Yet she will stand there and brag.
Buh Bye Beetlejuice.
Please leave Illinois and go back to Ohio and don’t run for public office ever again.
Lori, the South and West sides are no better off and the North side has become worse.
But she *did* give us The Census Cowboy…!!!
Seeds of Destruction? What will the harvest look like?
2,855 Dead!