-- 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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The academic who wrote this article is an idiot. He missed the main conclusion. What he is really witnessing is a group of factions that don’t differ much at all ideologically. They are all left-wing-tax-and-spend-put-our-kids-into-serfdom-and-run-the-budget-as-a-Ponzi-left-wing-nuts!
He is splitting hairs trying to paint these factions as somehow different from each other. What he is really seeing is some very minor cannibalization, it’s what communist libs do when they realize they are out of somebody else’s money. And I didn’t even finish college. The author is just another member of one of the factions.
Lori Lightfoot is not capable of governing effectively. When aldermen and/or citizens do not buy into her radical progressive views, shes lashes out at them instead of trying to pitch her vision and compromise. That is not governing. Lightfoot views things from a zero-sum lens. I hope these aldermen wake up and do not succumb to her power grabs.
Lori is a hypocritical phony reformer. She is a machine hack who wants total and complete control. She was elected through the efforts of Rahm’s media sycophants at all the local television stations and the tribune and sun Times. She was also helped by RINO John Lausch who purposely indicted Ed Burke to take out Daley, Preckwinkle and Mendoza to make it easy for lori. And she was helped by the corrupt, illiterate, southwest side political operations of Joyce and Matt O’Shea. She has retained Rahm’s political corrupt types like Ferguson who received a contract extension for covering up the… Read more »