-- 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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“Please know that if you cast a vote for Paul Vallas, you no longer get to cling to your bystander justification. You are now just as racist and hateful and bigoted as Donald Trump. Make no mistake, that is exactly who you voted for and it would’ve taken so little effort for you to educate yourself.
This woman is a dangerous, racist, lunatic.
There are soon to be released photos of every person who voted for Vallas wearing red hats with MAGA written on them. Proof of blatant racism. More to follow!