-- 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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And once again, CTU/Brandon’s still sitting on approx $400 mil in COVID $bucks that could be used for housing homeless tomorrow???…..who’s he saving the $400 mil for, no pol or press ask???
This guy just can’t stop creating positions for every little thing, can he? Surprised he doesn’t have a rat commissioner, a weather commissioner,White Sox, Cubs , Bears and Blackhawk commissioners ( four separate positions, btw) and other various commissioners to feed at what he seems to feel is a bottomless trough of tax money. His final nervous breakdown causing him to leave office can’t come soon enough.
HE DOES NOT KNOW WHAT HE IS DOING AND NEEDS THESE PEOPLE TO DO HIS JOB SO HE CAN KEEP HIS JOB
Apparently the mayor of the once great city of Chicago in the once great state of Illinois doesn’t know the difference between a citizen and a non citizen. He also has to stop pretending that the non citizen should receive any benefit from the citizen or state.