-- 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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Lori Lightfoot had a Big Dick
Brandon has a Big Hole
I love reading the Tribune articles (for free in reader mode). It reminds me how dumb the stupidest journalists on earth can be. There few places in the world with so much virtue signaling, so little common sense, so little vapid platitudes (reduce featherbedding in Chicago LOL LOL LOL!!!). These people reside in an alternate reality, that doesn’t vibe well with actual reality, and the conflict between the two causes so much pain and suffering for so many people.
Johnson the mayor has been in that office for 20 minutes and has started the destruction of the city. Kinds like SloJoe biden.
“… the escalating migrant crisis, which is upending the budgets of cities such as Chicago and New York. And that is no fault of Johnson’s.” Hmmm….really? Because, the Trib’s Editorial Board says, “zero sum Southern states….making cheap political points by sowing chaos in so-called Welcoming Cities.” Actually, of course, they’re proudly declared Sanctuary cities and states – who, like Chicago, threw out their chests and decided they’d refuse to cooperate in the enforcement of what few immigration laws the Fed is willing to uphold. And are now having the vaporous willies because people who have illegally crossed the border and been… Read more »