-- Connecting the dots between our economy, government and business --
"...Chicago has grown tired of his placing a racial frame around every issue he addresses. The public prefers competence among his advisers rather than hires who “tick the right boxes,” and is growing deeply distrustful of the mayor for consistently underreacting to violent crime enveloping the city. Moreover, Chicago residents are uneasy with the growing influence of the CTU over City Hall and distraught with the union’s appetite for power, domination, and control."
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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER