-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Question is, will the 2/3 of eligible voters that did a no show, agree with his agenda or get off theirs buts to get rid of him?
From article: In Johnson’s case, he and his supporters are promoting his agenda to his own base. Shouldn’t those folks already be on board that bus? Who is CTU/Brandons base? With only record low 1/3 eligible voters voting in mayoral election, maybe the reality is CTU/Brandons base is in reality quite small? One assumes his base consists of; 1.) “New Machine”/CTU/SEIU guaranteed deal City/CC employee types, 2.) activist/ mission driven journalism/activist academics/ non-profit types. 3.) delusional libs/ lib posers/ college student types etc. I’ll bet the majority of all those groups are white middle to upper income folks. All the… Read more »