-- Connecting the dots between our economy, government and business --
Johnson's budget could be seen as giving the business community reason to rally around a challenger. "Here's what we've given them; here's what we've handed. We've handed the people of Chicago an opportunity to lead the charge," Johnson said. "Look, I don't think about my reelection."
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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Life is too short to waste it on watching that interview . But it did remind me to pick up the dogshit in the backyard
Prozac has handed Marxists, repeat felons , illegal immigrants and union ensconced do- nothings the chance to put CHI upon its ear. They will and it will be Mogadishu II around here.