-- 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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What would the economic ‘equity’ disparity be between blacks & whites if are guaranteed deal public sec hero class where taken out of the equation? Shocking, I’m sure. Especially in Chicago.
Paul Vallas was the type of Democrat that could appeal to Independent voters. As he continued with his common sense approach to politics he was increasingly vilified by the Leftists who have taken total control the DEM party in this state s well as nationally. Go the far left CapitolFax by Rich Miller and you will see that whenever his name comes up he is toxic to those who post.
Glad he continues t make his voice heard.
Paul Vallas, Pat Quinn’s Lt. Gov. running mate in 2014. Independent. OK
Not calling Vallas an Independent. Just saying that he appeals to many Independent voters
Vallas has expertise with the city budget that few have. We need the best, most qualified,regardless of party affiliation. I’m inclined to agree that Illinois dems are mostly gutless and corrupt, but The partisanship clown show is a waste of time.You know Trump used to be a democrat,so was Tulsi and RFK Jr. Vallas will be able to trim the fat. Streamline departments, negotiate the best deals.
If Vallas is to become the mayor of Chicago, he better hope it happens in ’27. He’s not getting any younger.
I don’t see how anybody could rationally want to be mayor because the city is too far gone. What it needs is a financial control board, emergency manager or trustee of some kind in bankruptcy or a bankruptcy-like procedure.
Yes, the baggage given from one Chicago mayor to the next just keeps getting heavier. Your idea on what Chicago needs is wonderful and would be effective if implemented.