-- 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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Lori has bigger problems than Covid. A member of the police command staff may be involved in drug distribution. I don’t know if that’s a big deal when council members are running suburban dope empires from their council seats.
Simple, band together and give her a date to end the mandates. She will have two choices, she will capitulate and announce the end of mandates to make it look like she made the decision or she will refuse. If she refuses, the group then has a press conference to unilaterally end the mandates and then defy the restrictions and force her to make a move.
Maybe they should have pushed back on the mandates when they had the chance.
Chicago has effed itself.
Hey Lori people are dying of illegal fentanyl overdose thanks to no border and murder thanks to Lil Kim, at a rate that dwarfs Covid, maybe you should look into that first. Earth to Lori, the pandemic is over.
What does a ruling class look like that has zero risk of not winning elections against the other party?
If you want certainty and your business to thrive then move to Indiana. Simple as that.
Lori, if you really earned your access to the partnership at Mayer Brown, you would end this nonsense now… That would imply you understand, a bit, risk and reward, and a bit of entrepreneurship. If, on the other hand, your rise was as a result, shall we say certain “checkboxes”, then your behaviour, though wrong, makes perfect sense.