-- 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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Like the Illinois general assembly with Pritzker’s czarist actions, the Chicago city council has been avoiding taking on this violence, crime and shooting upsurge for fear it will hurt re-election chances for the alder people. They must finally be getting bad vibes from constituents.
Lori’s gettin Steamed! Keep your hands and feet away from her mouth! I wonder when she’ll start throwing stuff from her podium. Is it somebody’s cousins job to drag the podium around the city? She’s visibly vibrating, not paint shaking. But I bet she could move those little football players around.
When you are totally ignorant, incompetent and completely unprepared to do the job, play the race card. Lori needs to resign before this city burns.
Straight out of Rules for Radicals: When you are losing an argument and all else fails, yell ‘Nazi’.
For Democrats, it is a simple equation. Criticism = Racism. What else could it be?
Doubling down on the race card is the way to win the game.
It seems to work quite well these days particularly in Illinois.