-- Connecting the dots between our economy, government and business --
The loss of City Hall veteran Richard Guidice is just the latest example of how the Johnson administration seems to be floundering.
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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Many people thought it wouldn’t be possible to find a more arrogant, indignant, angry, spiteful and petulant individual than Lori Lightfoot to be Mayor of Chicago. Demonstrating that anything is possible, ladies and gentlemen, Brandon “Raggedy” Johnson!
Johnson doesn’t “seem to be” founding. He’s a national laughingstock, and the underlying reason is that he’s pursuing exactly the radically woke, progressive agenda promoted by the Sun-Times (as well as the Tribune, WBEZ and many others).