-- 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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What did she do for 53 minutes and 25 seconds? Word has it she lobbied nonstop for Fed position to relieve her of quagmire here in Chicago.
Note Pete Buttigieg’s own luck simply infuriates her. He usurped “her” cabinet spot as the LGBTQ-representative of Biden administration. But little Pete’s only former mayor of declining Rust Belt town of South Bend, while little Lori is current mayor of rapidly-declining 3rd largest Democrat-ruled BIG Rust Belt city. Plus Lori could’ve provided a “3-fer” (POC, female, LGBTQ) affirmative-action “star-player” dividend to Biden Team.
Perhaps problem is Lori’s strident anti-white rhetoric?
It’s simple, she ran off to DC to hide from the council ward mapping fiasco. Sure she had opportunities to spout about the community and investment, maybe a little disenfranchised gibberish. I wonder if she invoked the magic SR claim? Systemic Racism. An opportunity to stand around with the big guys naturally she was included for her grasp of finances which amounts to “If there’s money it must be spent”