-- 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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Nobody wants to work for an unpredictable lunatic that accepts no responsibility and blames others for everything.
Yikes, even the CTU apparatchiks in Brando’s administration are hitten the exits!!
Mayor Johnson’s staffers who still have other viable career opportunities elsewhere are fleeing. The rush to the exit-doors is obvious indication that all is not well in Johnson’s progressive-Marxist enclave of wokesters.