-- 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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Qualifications for job=0. Once again, voters will get the opportunity to choose between the dismal proven failures and even worse candidates. The only elections in Chicago that might matter, would be demoscamic primaries, but those are controlled too.
“Miles criticized the rollout of Illinois’ cannabis industry and the dearth of minority-owned dispensaries under Pritzker, but she withheld criticism otherwise, saying she thinks “he’s done a phenomenal job” managing the state during his first two and a half years in office.”
And
“She said the key issues of her platform include supporting Medicare for all and reparations for descendants of slaves, as well as tamping down gun violence.”
SO she’s running as a progressive TO THE LEFT of JB.
The lunatics really are running the asylum.