-- 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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strange use of the word “party”
But crime is down. Nary a mention of this dustup on this morning’s news. Nope. The feral that shot two in Aurora, the hit and run in Gage Park and then straight to the fluff that passes for journalism these days.
Just some misdemeanor shootings . Who cares?
Fun fact:
Mayor Johnson lives just 2 miles from the shooting.
According to Second City Cop, Johnson has a CPD protection detail of over 140 officers.
In the linked article from 2023, Austin residents gush over the prospect of a Johnson mayoralty.
https://blockclubchicago.org/2023/04/06/brandon-johnson-will-be-the-first-west-side-mayor-in-90-years-giving-locals-hope/