-- 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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Her plan is working, not one murder or shooting took place on the block where she lives. Maybe because there’s a cop stationed every 2 feet on her street. 100 cops to guard the mayor, no cops to protect you.
I don’t know why she intentionally makes herself look so repulsive. Looks-wise, she’s like the Harvey Weinstein or Ron Jeremy of politics.
It’s an opportunity to wear her favorite Dago hat.