-- 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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BD Lori just confirmed that you can’t teach an old dog new tricks.
Lol, Lori’s comfort zone is her head in a glue bag!
We have done “tremendous things”? Like what? Not one single accomplishment comes to mind. Really, is there a single thing anyone can point to to be proud of over the last three years? Let’s just hope the voters agree that ANY alternative to her is a better option.
She really bungled the initial coronavirus response, then completely bungled round one and round two of the riots, and prolonged coronavirus lock downs far, far longer than necessary, for equity or whatever. She was blindsided by the Bears, she feels some kinship towards black people so she can’t arrest them for crimes and she repulses suburbanites who spend and (used to) work in Chicago. I can handle the combative and abrasive style if she had results. But there’s no results. Only failures. Equity is not results. Equity is intentional destruction.
For ordinary law abiding citizens nothing comes to mind but for criminal/thugs/carjackers/drive by shooters/looters she gave them King Solomon’s Mines and a never go to jail card no matter what.