-- 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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When the elitist rulers begin to take this virus seriously, I will too…
Maybe…
Lighthead has no medical degree. She appears to be a socialist though.
Tunney voted NO against Lightfoots recent 2021 Chicago budget. Looks like the Mayor is unleashing the hounds on all of her opponents.
These democrats are something else! Expose them all for what they are!
My town still has all the restaurants opened, maybe 20 or so restaurants in town. The mayor said no way they will close, several restaurants posted on Facebook that they are still open. We still go out to breakfast every Sunday, no masks, no problems. I’m not sure what the problem is here, Chicago is pretty flaky. We went to Utica starved rock a last month, the biggest restaurant in town was full, nobody had masks and there was dancing and live band!
He will be treated as any other owner that happens to be an alderman