-- 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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Mayor Lighbulb will always back a criminal. Especially if it is a Black criminal.
Fire her now!!!
Degree of corruption implied by Ms. Talley’s actions and nonactions are shocking. Ditto for her equity promotions and $165,000/year salary. Lexus driver? Two PP Covid grants for two different one-person businesses?
Ugh, where’s our Inspector General? Oh, Lightfoot hasn’t named replacement to former milk-toasty Ferguson. Chicago taxpayers are stooges, as proven, day after day after day,