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.
Alderman Pat Dowell (3rd), appointed chairman of the Finance Committee.
Ms. Dowell has a B.A. degree in Developmental Psychology from the University of Rochester and a Masters Degree in Social Service Administration from the University of Chicago
Good to see she’s highly qualified for the position, although I can’t imagine any of the aldermen are qualified to even run a lemonade stand.
What’s the over/under on the number of month’s until Emma Mitts likely indictment for bribery and theft of city funds?
She’ll have her Mitts on all the money! (groan)
Rimshot…….ba-dum-DUM.
Has anyone noticed that the word “equity” in progressive hustle lingo is rapidly being associated with Blacks only? Forget about “equity” for Hispanics, Native Americans, LGBTXYZ, trans etc. Or maybe it’s just me?
“Mitts said. “I’m looking forward to getting equity for Blacks who are not receiving contracts.”
Yeah, that’s the point, that’s exactly what South Africa did a while back. And now the electrical grid is collapsing.
Equity = Reperations, that’s the underlying message.