-- Connecting the dots between our economy, government and business --
“Beyoncé was here for three days, and I just needed her to stay two more days, so she could help solve my budget crisis,” Mayor Brandon Johnson said before going into a spiel about tourists visiting Chicago. “She probably could figure it out because you haven’t!” one online commenter posted. A second posted, “Now that Beyoncé is gone, unfortunately, he’s gonna have to raise your taxes.”
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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Every time he opens his mouth I cringe. What a great representation for Chicago
Truly an idiot of the highest degree.
Such a loser he is.