-- Connecting the dots between our economy, government and business --
Funding for Chicago's program comes from the American Rescue Plan, which President Joe Biden signed in response to the pandemic. While conservatives are bristling at this use of the money, Chicago Mayor Lori Lightfoot dismissed those complaints, saying "I’m the mayor of the city of Chicago. I know what our people need."
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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Good steady jobs with a living wages, good schools! What do we get ; Lori Lightfoot. No guarantee. Outcomes might differ. We said Could and Might with a sprinkling of Msybe. Wake up you fools, pay your taxes and Shutup.
NOT MUCH LONGER
Democrat welfare degrades the black community that Democrats exploit for votes every 4 years
Money for nothing, chick’s for free
I want my GI MTV….
If Lightfoot knew what the people needed she would step down.
Keep them people sucking on the government teat like well behaved sheep. Democrats are domestic terrorists.