-- 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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Maybe State and Federal governments should get out of the way of individuals trying to work towards the American Dream. Oh wait, must guarantee paid time off…
whats the mystery why he hasn’t endorsed for Brandon/CTU? maybe CTU’s strategically holding off?
Block Club Chicago
Rep. Jesús ‘Chuy’ García, Jesse Jackson Endorse Brandon Johnson In Chicago Mayor’s Race
The two-time mayoral candidate came in fourth in the Feb. 28 election, netting about 77,000 votes.
https://blockclubchicago.org/2023/03/17/rep-jesus-chuy-garcia-endorses-brandon-johnson-in-chicago-mayors-race/
Chalkbeat Chicago How former teacher Brandon Johnson organized his way to the doorstep of Chicago City Hall By Mauricio Peña Mar 14, 2023, 6:41pm “In 2015, the union helped U.S. Rep. Jesus “Chuy” Garcia push then-Mayor Rahm Emanuel into a runoff, only to have him fall short with 44% of the vote.” [The referenced union is the Chicago Teachers Union (CTU).] “Even fellow progressives who have been supported by the CTU, like Garcia, have raised questions about those ties. ‘Will Brandon, if he’s elected mayor, be able to say that he is impartial?’ Garcia, who ran for mayor but failed to reach… Read more »
Chicago Sun-Times Garcia questions whether Johnson, a CTU organizer, can be an objective mayor Cook County Commissioner Brandon Johnson is a paid organizer for the Chicago Teachers Union who helped lead it in two strikes and two job actions since 2012. By Fran Spielman Feb 17, 2023, 2:12pm CDT “U.S. Rep. Jesus “Chuy” Garcia, D-Ill., questioned Friday whether Cook County Commissioner Brandon Johnson can represent the interests of Chicago taxpayers when his mayoral campaign is bankrolled by the Chicago Teachers Union and he is a paid CTU organizer who helped marshal support for two strikes and two job actions since 2012.… Read more »