-- 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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She should just pretend she never said it, she can’t remember or recall! It worked for Richie the Snitch.
This is a guaranteed boondoggle passed by a reckless mayor and city council.
Lightfoot: Show me the list of names.
List: usual sort, yes must be POC, but assuredly connected folks, relatives of aldermen and their staff, relatives of senior city department heads, precinct captain relatives, etc.
Status: well, you need to vet voter-reliability for these folks too…
Lori, there is no way to get the program right. But keep right on looking until the end of your term.
More plans from our mayor that go nowhere. When you want a project to die of neglect give it to Lori.