-- 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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Expressway shootings don’t count in Chicago totals. Somewhere, somehow the state gets them tossed in a mop bucket, never to be seen again. Makes perfect sense! The only people who care are the ones with a new hole they weren’t born with.
This statistic demonstrates just how far we have fallen as a civilized culture. It’s the wild wild west out there on Chicago expressways boys and girls. Enjoy the show!
Reminds me of this. Both in politics and Covid. Seen this band at the Arie Crown in the good ole days!
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