-- 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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WTTW talks as if they are clueless that “Wrigleyville” was and has been just one step above a ghetto classification for most of its existence. What’s the big deal?
I used to rent Videos at “Doc Edison’s” directly across Addison from the park. Anyone else remember the neighborhood back then?
Maybe all those Professional sport players should get down on two knees not one because God is the only one that is going to help them now…