-- Connecting the dots between our economy, government and business --
Chicago Mayor Lori Lightfoot is continuing to talk to religious leaders to develop rules for in-person services, and hopes to issue those guidelines by this weekend, so restrictions could be eased. Meanwhile, Bishop Ron Hicks, vicar general of the Archdiocese of Chicago, sent church leaders a series of guidelines this week that they must follow as in-person Sunday Mass resumes.
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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