-- 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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Wooo, way to take your foot off the base, dick.
I cannot believe this.
Durban endorsing a white man?
Durbin at least gets it. Being in DC and occasionally dealing with ‘the other side’ he knows that Chicago is the poster boy laughing stock for dysfunctional big cities. Democrats don’t understand or realize how mocked and derided Chicago is throughout the rest of the country that’s even slightly purple. Even moderate blue places look at Chicago as crazy. But mention this to a Chicago Democrat and they scream at you like you’re a liar and agitator!
I suppose that there may be some influential national Dem Pol’s who are worried about another big blue-city dumpster fire.
Particularly since much of CTU’s Marxist/Socialist wish-list is right out of the national Woke Dem playbook.
CTU getting the mayor’s office with plenty of time prior to the 2024 elections to make Chicago a whole lot worse, using all the progressive-n-woke-Dem’s official ‘solutions,’ probably does give Durbin et al the vaporous willies.
Kind of makes me nervous now about Paul Vallas.
What were you thinking – A Leftist is better than a Marxist?
Durbin is both.
Hopefully Vallas is not a Marxist, but if he is elected time will tell.
Depends on where he is at and to whom he is speaking.
That’s a surprise – and totally unexpected. You surprised me, Dickie!n And in a good way.
This is kinda a big deal, dickie being first national dem heavyweight to get behind moderate Vallas vrs wack-o progressive CTU/Brandon….maybe in dc their getten worried about old uncle joe in 24 and they don’t want to get behind a progressive trainwreck in chitcago? They saw what happened to de blasio in nyc,( or sf, la, etc for that matter). don’t forget bill neidhardt is Brandons campaign manager who was de blasio & Sanders campaign managers.
Wish this was true.
The “steal machine” is now embedded into our election system.
We will never have free & fair elections again, ever, sadly.
Joe Biden will win in 2024. It will be called after 9pm CT, just like Obama in 2012.
The fix is already in. Between now and then the grift goes on.