-- 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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Look at the first two priorities Lori sights in describing her new Chief of Staff–“equity” and “inclusion”. No mention of experience in dealing with unions. No mention of crime or law enforcement background. No mention of ability to get things done for the City in Springfield. No mention of any finance, infrastructure or city council experience.
When her top priorities are “equity” and “inclusion”– no wonder the city is collapsing in every material way.
Your priorities: negotiation with unions, law enforcement, springfield politics, finance & infrastructure – these are the priorities coming from a place of white privilege.
For Lori, it’s better to live in a Detroit governed by BIPOC than a Chicago with any white people in powerful positions.
Unfortunately, most progressives are unhappy with Lori, because she is taking too long to completely destroy Chicago.