-- 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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I don’t know who has the edge, but Brandon’s little helpers have been very busy the last few days. Our neighborhood has been flooded with anti-Vallas (not pro-BJ) stickers and flyers taped to street signs and lamp poles.
The teachers union antics could influence some on the edges. However, it is stunning to see such an extreme, ethically corrupt candidate as Johnson be this close. He is so radical that he admitted that he did not help minority kids reach their potential, as a matter of his core principles. Also, how could he expect residents to pay their bills when he would not it himself, and made a mockery of paying your fair share? It used to be that Chicagoans had a basic sense of right and wrong, and you would sense that in the neighborhoods or while… Read more »