-- Connecting the dots between our economy, government and business --
In Chicago, more than a half-dozen candidates are trying to oust Mayor Lori Lightfoot. Her opponents and other critics say her approach to governing has been too confrontational. She has said the criticism is due mostly to sexism and racism but has started to address it in her campaign, saying in her first campaign ad: “I’m only human. And I guess sometimes it shows..."
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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It would be more Chicago like if that person had 6 of those I voted stickers on.