-- 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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Lightfoot is a moron but….two year’s in I’m still glad that she beat Preckwinkle. Lightfoot is merely a moron while Preckwinkle is an organized chicago machine moron. Lightfoot is done and will be replaced in 2022. Hopefully NOT by Preckwinkle
The Lori Lightfoot, Kim Foxx, Toni Preckwinkle, and JB Pritzker combo is a disaster.
Soft on crime, obsessing about race and gender.
Disaster? Or progressive uptopia the voters of Cook County demanded by a wide margin?