-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Michigan Avenue to be renamed Mogadishu Blvd.
Lori does not have the political will to do what is necessary to solve the downtown wildling problem. The alderman suggests arrests the ringleaders but how you do know who are the ringleader without first arresting the underlings? She needs to send a firm and clear message that wildlings are not welcome in downtown Chicago. From a rational perspective, this is completely necessary – how else do you stop thousands of teens from descending into mayhem in the streets of downtown? This is common sense to stop any group of teenagers regardless of race, color ethinicity or creed. Remember the… Read more »
Hopkins seems like a gutless coward. Why not lock them up? He is not going to be mayor by pandering to bangers. He’s done . They are committing criminal behavior.
They should be worried! Act now.
Quit with renaming streets, etc.
Here is what I will do to fight crimes by gangs of youths. I will just stay away. One less victim available down town equals one less potential crime.