-- 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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Suddenly the woman who thought hiring the “Covid Cowboy” was a good idea becomes a wise Elder Statesperson.
Underestimated her enemies? More like overestimated her abilities.
You may have underestimated your enemies , but that does not change the fact that you really sucked at your job.
General Antonio Lopez de Santa Anna underestimated the Texans response
To the Alamo, how did that turn out for
Mexico. History teaches if we want to learn.
Lightfoot was a clown of a leader. That was her downfall.
Lightfoot misunderstood her mayoral duties to actual govern, thought her virtue-signaling attributes, being a black lesbian progressive democrat, were sufficient to garner praise and dutiful obedience without doing the actual hard work of effectively governing an unruly city.
Johnson is making same mistakes, only compounding them.
WELL SAID