-- 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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Johnson chose his entire staff based on skin-color instead of merit. He proudly exclaims that he has the blackest administration ever. https://thetriibe.com/2024/06/the-blackest-administration-how-chicago-mayor-brandon-johnson-is-shaping-representative-politics/ “People are going to criticize the fact that we have [the most] Black and brown folks in the history of Chicago. Yes, we are the Blackest administration and I’m not going to downplay the fact that we have more Hispanics in my administration than any other administration,” he added.” Incompetence has nothing to do with skin color – incompetence comes in all races, colors and creeds. Brandon’s administration is incompetent BECAUSE they treated city government as a spoils… Read more »
I had to look up the definitions of “excrescences” and “kakistocracy.” Now that I know what these words mean, what a fitting title for the article!
I’ll add another term to your lexicon — “bovine scatology.”