-- Connecting the dots between our economy, government and business --
Advocates for seniors, low-income residents, the homeless and other vulnerable people were outraged last week when Johnson’s administration closed most of the city’s cooling centers and all of Chicago’s libraries on Juneteenth, the fourth day of the dangerous heat wave.
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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Not voted in for his brains……..that’s obvious
Back when Old Joe was a kid in Detroit without central air, he rode out heat waves by staying down the basement. This didn’t cost taxpayers a dime.