-- 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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“The success of the students’ campaign set a precedent for the city to strip the names of other controversial historical figures from parks, streets, schools and libraries.” Translation: White people no longer live here and we are going to rename it. Which quite frankly, is the history of Chicago. No one even really knows where the word “Che-cau-gou” comes from, whether it means Stinky Onion in Algonquin, or whether it is Pottawatomie “choc-ca-go” meaning destitute, or Ojibway. The Indian land became The white man’s land and was remade. And now that BIPOC control Chicago, they have the right, even the… Read more »