-- 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 also, still no action by are super progress/ BLM/ CTU/Brandon mayor on calling hearing or taking a vote in city council on making “community benefits agreement” permanent to protect low-moderate income Blacks from being displaced by gentrification in and around Obama Cent? (the same Black folks Obama got his political start “community organizing” for way back when for the few years he lived here)…….and nobody in press or Black pols seem to care