-- 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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I fear “economic recovery” here means something completely different to lightfoot than it does to people living in the real world. I think it means “tax recovery” to her.
Step 1: Ask Federal Government to bail Chicago out
Step 2: Spend money inappropriately without learning from the mistakes
Step 3: Repeat
it appears czars have gone out of style
Czars is racist against Russian people. And italians, because czar comes from the root word Caesar, and it’s PC these days to accuse him of genocide and destroying a republic. And he was racist too.
Cultural appropriation?