-- 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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Melissa Conyears-Ervin sure isn’t Cardiss Collins, that’s for sure. ☹️?
Certainly the root of this is the standard Chicago Democrat causes: Corruption, influence peddling, greed, theft of taxpayer dollars. Likley the fired employees werent willing to participate in such crimes or weren’t given enough percentage of the loot to participate. Just more Dorothy Goatmeat Brown-like activity at the Treasurers office.
From the standpoint of providing information to the public, this office has been totally worthless under her.
To L.L.’s credit, she didn’t backdown to Conyears-Ervin’s demand for a 24hr CPD detail. That was comical.
Living in Garfield Park and Lawndale is stupid and just plain nuts! Those areas ain’t coming back.
Lori is pure garbage who still gives Rahm and Daley CPD protection as a thank you for Rahm making her mayor and Daley for giving her no show patronage jobs.,anyone who votes for her is totally insane.
She might lose in 2023. ?
Melissa doesn’t need 24/7 protection. Instead, she needs to leave Garfield Park. ??