-- 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 often question how we evolved to this stage. It’s much more satisfying to hang this mess on an incompetent leader/fool as an enabler of nefarious activities. Unfortunately it doesn’t fall on one person. I blame the media. These self important weasels who are totally in love with themselves and half of them are shitbags. In my working days I would deal with these creeps regularly. Some, but very few were OK. When I watched the news I’d normally go with 7 with nice scenery and a little humor. Geingreco and Taft were always good for a chuckle. By themselves… Read more »
Public officials often have “immunity” from various types of liability for their actions and omissions. So, however outrageous the conduct, it’s unlikely that there is legal recourse for “damages.” She probably violated her oath of office and the oath she took as an attorney — which customarily call for “equal justice under law.” Is there an attorney or law firm brave enough to push for disbarment? Many would fear retaliation and few would step up to pay their fees! Her conduct in office provides ample reasons not to re-elect her. Perhaps, also, she could be recalled. It’s much easier to… Read more »
A few co-workers of mine all admitted last week in a zoom call, that in hindsight, prickwinkle was likely the better choice for mayor. Lori royally screwed it all up.
MAY violate the 14th Amendment? I’d say so, for sure.
Lightfoot is a disgrace to the legal profession and the ARDC should yank her law license, pronto.
Silence from Chicago business community is astonishing, business publication Chicago Crains so painfully awoke as to read like a SJW journal. Plenty evidence of now significant lack of effective civic-leadership from Chicago’s corporate business and institutional senior executives. We always get same handful of connected folks with long-time ties to Daley, Emanuel, and democratic party “Machine”, pretending to be “leaders”, who continually gain financial profit from their assigned “leadership” roles.
Chicago is profoundly in trouble, its future very much compromised.
Chicago is over as we once knew it, and most are scared to say it out loud.
What do you expect from Crains? The political reporter Greg Hinz is a rabid lgbtq sympathizer who will do anything the racist lesbian mayor wants. He’s been trying for years to be accepted but he is a pitiful loser.
We used to be a nation of laws, Susan. Until about 2008 when the Chicago Way started going national with gusto under Hussein, the Manchurian Candidate.
Now you can only look for legal protections as a US citizen in select parts of the country and only at the local level. Federal law enforcement is only for the elite.
Respectfully, we are a nation of laws. The Law forbids discrimination of ‘political favor’ based upon skin color. (Or shall we abandon the rule of law?) If the Mayor of Chicago wants to change the law (allow discretion for whomever officeholder may be to discriminate with lucrative ‘awards’ allocations based upon skin color alone, the Mayor of Chicago Illinois has the power to advocate such a law in Springfield Illinois. Would the current Chicago Mayor support such a new Law in Illinois? Would the Mayor support such a law if it specifically favored only skin color of her choosing, or… Read more »