-- 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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Lori’s response to Vallas’ last editorial on this subject yielded a dismissive comment to the effect of, “Vallas is desperate to be relevant.”
This is typical Democrat/progressive ad hominem attacks. They’re not thinking people; they just name-call, and then expect everyone to nod their heads in agreement.
I don’t know about you, but he seems pretty reasonable.
You seem like you’re in over your head, Lori.
Violent weekend, child rapist not turned over to ICE, tone deaf mayor still obsessing over that stupid casino.
Chicagoans, answer honestly: are you pleased with your mayor’s sense of priorities?