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Pastors Maurice Gaiter and Cornelius Marks said their biggest hope in Johnson’s administration is that the community sees more investment and does not fall to the wayside. They want greater economic development, community safety and greater transparency and visibility. Said Gaiter, “It’s exciting to see someone from your backyard elevated to that position. All I’m asking is for Chicago to give him a chance.”
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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