-- 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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Mayor Lighfoot Looks Toward 2021 With ‘Hope And Optimism’ Yup, she hopes no one will hold her accountable for malfeasance in office and she is optimistic that the community will re-elect her.. Fat Chance on the former and a big probably on the latter.
She has that little –hope and changy– thing down pat.
Fat chance shed reelected she will be facing a progressive from the left probably a black woman so theres a huge chance for someone to sneak in when the vote is split