-- 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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CPD “Team Lori”, however, will keep Lightfoot’s block super-safe, because Lightfoot’s quiet enjoyment of her home and yard are her actual 1st priority. Lightfoot’s white-collar base constituency is mugged, shot-at, robbed, assaulted, wounded by “hit & run” vehicles, “wilded” by “large mobs”, their stores endlessly shoplifted and occasionally looted. Lightfoot isn’t upset. Nope, she’s safe, her spouse and child are cosseted by 50-man Lori squad, while we stupid taxpayers confront reality of Chicago’s overt and undeniable “urban unpleasantness”. Good job Lori! You get a star on your chart – for wokedness, not for good governance. Lightfoot’s lame governance, her inability… Read more »
I know people who live in Chicago who will tell you with a straight face that none of this is happening!