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West Side Republican Bob Fioretti heavily criticized the Promise Guaranteed Income Pilot, calling it a “system designed for failure...We’re not asking people to have job training, seek out jobs or helping them to better their lives, we’re just giving them $500."
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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He Look Like A Man…
https://www.youtube.com/watch?v=b7NrJqV7i2k
Fioretti has a realistic chance to beat Toni Taxwinkle. Black voters do not like her and she has presided over 12 years of failure culminating with the rampant crime directly caused by love-the-criminal-and-hate-the-victim collusion of Taxwinkle, Chief Judge Tim Evans and Kim Fox. Vote Taxwinkle out.
I don’t know. I always assumed Fioretti was an old school Democrat, really no different than Preckwinkle.
This will play out the same as Foxx/O’Brien played out: Preckwinkle is going to win outright but maybe lose the suburbs.