-- 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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The California recall rightfully happened because Asians organized to make it happen after members of their community were being viciously attacked with no action taken. The States Attorney in that case was a white male. Who is going to organize to oust Kim Foxx? Any group that does will be accused of racism.
Don’t forget misogyny – that’s a hot one these days too.
Not unsurprisingly, Kim Foxx is wildly popular in African-American and hispanic communities.
This should be the marquee issue for IL GOP candidates in the November elections