-- 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 think Brandon Johnson is that far behind. I do think Willie Wilson’s message on crime, while controversial, is resonating in working class African American community.
It seems like Vallas is a gimme for the runoff. The other candidates are wasting their time attacking him because unless they get to the runoff, it’s moot.
They all sound the same to me.No change coming. That’s sad