-- 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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Taxwinkle- in. Token Tom- out. “ Cher “ Pappas- in. Kaegi- in unless challenged by a black or Latino. Bet early for the best odds.
Everyone in suburban Cook county should vote to remove Preckwinkle. She’s never has represented the suburbs. It appears that she believes that the suburbs exist to tax and fund Chicago. Where are the medical clinics for suburban residents? Look at the property taxes in the southern suburbs.
Preckwinkle cites Trump policies as now not being the time for a new board president. The graveyards are full of indispensable people.
Toni Preckwinkle is 78 years old. Treasurer Maria Pappas is 75. Tom Dart is 62, and Kaegi the Commie is the youngest at 51. What a starting line up we have going here in Cook County. The biggest bunch of losers imaginable and not one of them will give up power ever for one second. The irony though is be careful what you wish for, because each one of these insane nutjobs will, soon enough, be replaced with someone even crazier.