-- 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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Good for Ald. Lopez for exposing what is going in behind the scenes. Mayor Lightweight is clueless as to how to help out in the wards.
And Mayor, if the purported purpose of the call is to discuss Covid information– which you say is the reason you dont need to comply with the Open Meetings Act– why were you discussing looting and police coverage in the wards? You cant even keep your own bogus argument intact.
Lightfoot naively believed that Chicago was turning the corner on a progressive utopia – mobile infanticide clinics to impoverished neighborhoods, legalized drugs on every corner, the flight of any person who might secretly harbor a conservative value, equity for all peoples as she alone saw fit to distribute, minimum wages so high it put small business out of business, a reformed police that she could use to wage war against her enemies instead of arresting actual criminals. But then reality hit in three waves – first the disastrous response to the Wuhan Red Death. Then the riots and looting… Read more »
Groot has lost it. She needs to be admitted for a psych evaluation, by force if necessary
I could not be further distanced from Alderman Lopez from a political standpoint but I watched him on Laura Ingraham and unlike Lightfoot, he seems sincere and clearly is trying to restore law and order in his district. All of this hammers home the fact that it appears that Lightfoot has lost the confidence of the Alderman. She is done. Have fun with one-term Lori!
“On Wednesday, the mayor was asked if she regretted her use of profanity. She did not directly answer the question, but said that the conversation was meant to be private, and said she and the aldermen need to be able to have candid conversations.”
Where I come from we call the mayor addressing 50 alderman a City Council Meeting. Since when can City Council meetings be held privately?