-- 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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City Council can’t achieve a cease-fire within Chicago itself, why would it be able to enact a cease-fire resolution for Gaza? Pure political theatre, meaningless Woke gestures that expend time and energy better served elsewhere on real Chicago governance problems.
At this point, I sort of believe the goal is to intentionally misgovern the city into ruins. They’ve made it very clear the city is the product of a century of systemic racism and they’re job is to destroy what is left, and little of Chicago’s century of history is worth saving.