-- 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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Brando may want to check his latest poll numbers before he suggests the people want the BS he is selling.
Communists don’t care about popularity. They’ve never been popular anywhere they’ve been in charge. They are fully aware that they are unpopular. But they don’t care. These commies are feral animals that go crazy anytime they can sniff power. Eventually they lose out, or are pushed out, but the damage they have done is always nearly irreparable.
BJ doesn’t give a rats tail about poll numbers because he isn’t the mayor of all Chicago. BJ works only and completely for CTU. They are all he cares about. BJ’s job is to steal, grift, thieve, borrow and scam massive piles of money into the yawning maw of CTU parasites. Period. If it destroys the city or bankrupts the city and state, so what? “First lets gets the money”, said BJ on Day One. Everyone else – even other public sector unions – can go pound sand.
Look’s like Chicago’s headed for 4 years of “never let a crisis go to waste”/ we’re under attack by evil forces of Trump/MAGA so just go ahead and pass my $$highest paid teachers in nation$$ CTU contract and don’t ask questions on who or how to pay for it…..and astoundingly dopey taxpayer/ voters are so stupid CTU/Brandon & crew will probably be able to get away with it. Trumps the perfect foil….(and all the other Illinois 852 school dist teachers will be demanding the same deal)
Johnson omits one thing regarding his pronouncements, how to pay for it all