Editorial: As Chicago’s finances worsen, aldermen must summon actual courage on the council floor – Chicago Tribune/Yahoo

"A more prudent administration long ago would have pivoted in terms of its approach to city finances in the face of widespread unpopularity with voters, as measured by multiple polls, as well as after hearing disapproval from officials who share the mayor’s goals. All the evidence before us, though, says we shouldn’t expect that sort of adjustment."
2 Comments
Newest
Oldest Most Voted
Inline Feedbacks
View all comments
Taxpayer
1 year ago

The only thing that matters to them is getting their pensions

Isn’t Illinois Fun?
1 year ago

Courage matched with intelligence and a conscience. Not many aldermen have that combo of attributes.

SIGN UP HERE FOR FREE WIREPOINTS DAILY NEWSLETTER

Home Page Signup
First
Last
Check what you would like to receive:

FOLLOW US

 

WIREPOINTS ORIGINAL STORIES

Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

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.

Read More »

WE’RE A NONPROFIT AND YOUR CONTRIBUTIONS ARE DEDUCTIBLE.

SEARCH ALL HISTORY

CONTACT / TERMS OF USE