-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
It was over 5 years from the Declaration of Independence to Yorktown. It required quite a few colonists, Brits, Germans and Frenchmen to get shot. And the Mayor ain’t no George Washington. But let’s hear her plans.
No, like old man Daley would say, shoot to kill.
Lightfoot has lost this city forever! And you can throw Foxx and all the other dems on the bus! Citizens of Chicago you allowed this to happen!
Good one Axelrod lets “declare” something, yeah that’ll work.
What specifically does a health emergency entail? Besides windbaggery? Maybe some tsk tsk or we can do better? Axelrod and Arne? Is Martha’s Vineyard turning on Lori? Have Lori debate the two simultaneously……Oh Boy!
He was probably six blocks away! He’s just pulling a Hillary dodging snipers.
Axlerod is a part of the problem not a part of a solution.
Did Axelrod already join Arne Duncan’s mayoral campaign team? Sure looks like it.
Did he file a police report? If not, why not?
Has this incident been verified or is it a bit of political theater to undermine Lightfoot and promote Duncan?
Just asking.
I see how this works. When it affects the elite then we need to do something about it. Maybe instead of complaining to Lightfoot why don’t you blow a call in to Toni Preckwinkle. What is it, do you not realize it’s the policies of Dart, Foxx and Evans and you’re afraid to ask Preckwinkle to do something or is Lightfoot a convenient punching bag for you? I know you love the spotlight Dick but every time you speak the only thing that comes out of your mouth is bs. You’re currently winning the stupidity race against Duckworth, that is… Read more »
I’ll bet Durbin had to change his shorts when he got home. The irony of the lifetime senator from the defund the police party encountering random gun violence is too much. I’ll smile the rest of the day after reading that. As for Axelrod, as a member of the liberal elite, his opinions are worthless. He reaps what he sows and doesn’t like the taste.
Durbin finally got a taste of Democrat uptopia he’s spent his entire career cultivating. And he found he didn’t like it.