-- 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 president, mayor, and governor need to unite to save lives in Chicago.” Yes, that’s a great recommendation, given how well those three have worked together so far. The world also needs to live in peace.
Regular Chicago citizens, aldermen, and now the head of a violence prevention group are all in favor of the National Guard coming in. Two people aren’t. And the funny thing is now Johnson is all for the continued harming of black and brown people, despite his numerous claims otherwise.
Unfortunately, Trump wants results. Johnson and Pritzger want money to enact more social services programs that don’t work and have a healthy amount of grift. The twain will never meet.