-- 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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Stacy Davis Gates will make herself the CEO of Chicago Public Schools. Johnson will just sign where she tells him to. Union negotiations are bogging down, and Martinez had the audacity to laugh at the idea of taking out loans to pay for her wild demands. She’ll take over so she can do what she wants, no negotiation necessary.
The palace intrigue surrounding Pedro Martinez, the DePaul and U of I graduate who talks like he’s from the streets of Back of the Yard, is all fake news, and pretextual. Although I have no inside knowledge, I can tell you with near certainty that they are pushing Pedro out because he’s not black. He doesn’t have enough melanin in his skin. Johnson’s administration is a black administration solely focused on the needs of black residents of Chicago, to the detriment of everyone else.
Martinez not willing to roll over and play dead with the Gates crew that got Playa where he’s at maybe?