-- 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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Mayor Brandon Johnson, despite his historic election, appears unprepared for the responsibilities of managing Chicago. His lack of leadership experience and ties to the Chicago Teachers Union raise concerns about his independence. Inappropriate behavior from his staff has gone unchecked, eroding public confidence. More concerning, his policies are negatively impacting the city’s black and brown communities. His focus on personal image and lack of accountability overlook the real priority: the well-being of all Chicagoans
200,000 shots in 13 months is completely insane.