-- 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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is Suzie running for mayor again?
Probably with the backing of the Latin Marxists that have taken hold in CHI city council.
???Mendoza is solid 100% carrier old school madigan machine and not pseudo-Marxist ” new machine ” ctu…I’m not a fan, but after the disaster of CTU/Brandon most Chicagoans will welcome a Mendoza. And her being lationo seems like a perfect fit.
Don’t be surprised if she has to hitch her star to the LatinCrat Marxists to make any headway. It the Chicago Way, comrade!