-- 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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Lightfoot was a disappointment to her law firm, and had short tenure. Check it out,
Great blog post, but as much as I enjoy J Kass, instinct tells me he is a bit wrong about this: “She made a good living craftily parsing words at one of the city’s top law firms.” She made over a million dollars a year making accusations of racism in courtrooms. That’s where the money is. She is not that articulate or bright, likely a one trick pony.
Kass has never taken it easy on any mayor. He feels used by Lightfoot, she was on his podcast and several favorable columns as a candidate. The image she constructed as a candidate was totally the opposite once she became mayor. Kass doesn’t get taken often, but he admits it now.
I heard her NPR interview (accidentally of course as I scanned the FM radio in my car) and her #1 priority during her campaign was community support for LGBTQ+SDFD teens and youth.
Really? That was her platform?
Of course, Chicago gets what Chicago deserves.
YES! Kass has his own news site. Sorry I was more excited about that than his article, which I will now read.