-- 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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Garza was propped up by CTU and rode a wave of anti-Rahm sentiment into office. But her brand of Karen Progressiveness has fallen out of favor. She’s too old, white, and blue collar working class (as in factory jobs) to appeal to the youngins who want a world full of social activists with pensions producing nothing but TikTok videos.
Hmmmm……There’s no such thing as a coincidence! They’re all visiting the same fortune teller; Run, but you’ll never manage to erase your past! You’ll spend the balance of your days looking over your shoulder!