-- 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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Chicago Magazine gives an overall Grade C- CPS adjustment A+
It’s not like Brandon’s first political gig was mayor. He had five years experience rubber-stamping Toni’s agenda.
The big miss here falls squarely on CTU. They’ve been preparing for this day for a long time. With all the knowledge of city hall workings that CTU has accumulated over the decades, Brandon should’ve been able to hit the ground running. Now we know CTU doesn’t know a damn thing about how things work.
That’s cause he is,,,,,,,has not learned a thing except……RAISE TAXES