-- 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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Many of us, who were aware of the Mayor’s reputation prior to her election, tried to warn voters about her history as overreaching federal prosecutor and her Napoleon complex. As a corporate lawyer, she treated her associate attorneys terribly and was known to be very thin skinned and lashed out when challenged. For all her lashing out at the President, she is a lot like him, except that she is exhibiting more and more Fascist tendencies. Though I’m glad to see some Chicago journalists reporting on her behavior and anti-democratic impulses, I hope that more and more will challenge her… Read more »
On the other hand, the aldermen are mostly corrupt loonbags. They’re mostly all dumber than a box of rocks. There’s even a couple of avowed communists (well, they are ‘democratic socialists’ which doesn’t really disguise their communism) in city council too. if I had to choose better the lesser of two evils, I’d choose Lori, which isn’t saying much.