-- 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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Bernie is right, yet it’s his party that has put her in office for 4 terms and maybe a 5th. Preckwinkle is a major player in the single party rule that has ruined Cook County, City of Chicago and Illinois finances and served up Brandon Johnson. Oof. Single party rule ain’t ever changing so we can only hope for a purge of the far left, the DSA, and a return to garden variety democrats.
Vote Preckwinkle out. She needs to realize that she represents all Cook County residents, not just Chicago residents.
too old to run again, anyway
Greedy people are never “ too old “ to get off of the taxpayer gravy train. Look at Grassley, Waters, Schumer, et al. All way past their prime but still dutifully collecting fat paychecks. Feinstein in CA hadn’t been to work for months by the last time they wheeled her out to vote and she expired less than a day later. And then there’s “ sharp as a tack “ Joe. Why would Taxwinkle be any different?
Should be lots of anti Toni comments here. Have to start mobilizing behind Reilly, best chance to beat her.