-- 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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BJ is using Big Dick Lori’s race card playbook to deflect from is failures
“But this smart and now-powerful man has been duly elected as the mayor of the nation’s third-largest city…..”
Well, I’d say that it’s fairly self evident that while he may be ‘powerful’, BJ’s certainly not particularly ‘smart.’
Not much in the way of ‘smarts’ among the people helping him along, either.
Truthfully, I think the Trib’s Editorial Board soft pedals what’s happening in Chicago, now that the former Progressive-n-Marxist-n-Anti Capitalist Village Idiot Society is in charge.