-- 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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As awful as mayor lighthead may be, the next mayor of Chiraq will be whoever gets on the democratic ticket, and this will likely double down on stupid.
The next democrat mayor will be even more progressive than the one we’ve got.
Maybe, unless Preckwinkle finds some way to skew the votes as they get tallied
She knows that it’s more important to count the votes than to get the most votes
Yes, now that “progressive” means “regressive.” Honest elections in Chicago? Chicago wouldn’t know what to do with honest elections or good governance.
Lori is too busy to bother with Chicago, conducting marriages at the Kennedy compound in Hyannis. Conducting a marriage with her normal slack jawed hatred of whites. Here she is in the middle of an exclusively white crowd of the inbred Clan. Should we refer to her as The Rev? No disrespect to JJ sr. Sniffing for Kennedy money? In her officiating getup she looked like one of the bartenders. Free drinks while you can stand? It looked like it was breezy, her pompadour was pointing back.