-- 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’ve read the letter a few times, and honestly can’t tell what the point of it was. Was this meant to be a promotional piece?
It’s obfuscation, white noise intended to put anyone who might try listening back to sleep.
I’m with you, NoHope. I think I have pretty good reading comprehension skills, and I couldn’t cut through this fog of ink.
I have no idea what they were trying to accomplish.
All I saw was a bunch of gutless people trying to say something but too afraid to say it.
And I wish I knew what “it” is.
Cowards.
This letter is BS! Fix the problems instead of high 5 each other.
Chicago has real issues its quite frankly failing!
Too much concentration of money in one county and one city.
It’s time to break up Cook County into 10 counties and make them each create balanced budgets.
Chicago as a city needs to become a thing of the past. A distant failed past and memory and forget trying to fix a horse that is lame.
What about their letter addresses the ROOT CAUSES of the situation in which we find ourselves? The issue isn’t a lack of funds it is a lack of values, standards, and expectations. We’re in this together when I see each and every signatory give away their wealth and live on the salary/wages of their respective firms lowest paid employee.
Until then, please refrain from lecturing those who don’t have the ability to own three houses and have access to jet shares or a private plane of their own (or, their company’s).
This letter is the biggest crock of virtue signaling.
I threw up in my mouth when reading who signed it. Disgusting virtue signaling from the elite of the elite.
i wonder which one will be first to hightail it out of here
Most of the people on this list do not spend the majority of their time in places that I would call….. diverse…. Is it too late to bring back the #metoo movement? I’m sure most of these qualify. Ohhh wait… #metoo was cancelled now that Kamala is in office.
Few in Chicagoland spend their time in areas considered diverse. Chicagoland is very segregated. In fact, one thing few want to admit is that the north/northwest suburbs of Chicago are the most diverse areas in the entire metro region, with all ethnic groups, and even sub-ethnic groups, being present in suburbs from Skokie to Streamwood and beyond. The city itself, along with the west and south suburbs tend to be extremely segregated. Yet, the suburbs are ‘bad’ and ‘inequitable’ according to these same race baiters;.
Sincerely, Valerie Jarrett, President, The Barack Obama Foundation. lol
Winner, winner chicken din….. critical race theory seminar.