-- 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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When Lightweight is the example to follow, you know you’re in trouble.
LOL Lori Lightfoot’s playbook was to shut everything down, for longer than everyone else, and then act surprised when those with means ultimately leave the city forever. She threatened and cajoled anyone who didn’t wear a useless mask or get a clot shot, and then was completely blindsided by multiple days of rioting and looting and mayhem, on two separate occasions. Don’t forget, Chicago’s deadliest day, where 18 people were killed and nearly 85 others were shot, happened on May 31, 2020, under Lori’s watch. The city turned into complete mayhem, and she spent her time fighting with alderman, instead… Read more »