-- 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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Airports in the US are embarrassingly ugly, inefficient. My wife and I just got back from Cancun MX and that airport is absolutely beautiful, it has a shopping mall three times the size of woodfield full of high end shops modern decorated. Every employee there is allowed to help you, sure for a tip, but it’s truly free enterprise. At midway when we got back we thought we were in a third world airport, nobody helps anyone. And the city literally puts up signs stating that it is illegal to solicit passengers for rides, luggage help, etc. airports in Chicago… Read more »