-- 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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Try to get the “REAL ID” drivers license. Bring camping gear, food and water for about 3 days. The process is slow, complicated, and as usual the DMV employees move at the speed of frozen molasses. 2 hour wait, 20 people in front of me and never made it in. Once finished with a customer after about 1/2 hour process the DMV employee vanished into the employees only door never to be seen again. 8 stations and at the end of my wait 1 employee was visible and helping a customer. They processed less than 20 people for all services… Read more »
But but they are all heroes
Its the same disaster as at IDES, IDPH, etc…for the zillionth time, astoundingly jb hasn’t lifted the work remotely order for the asfcme hero’s and ordered them back to work. What’s going on? Can’t believe no Republicans are demanding the state workers are 100% called back to work. Can’t believe nobody in press is reporting on this. Haven’t other states call their workers back?
The Chicago media has not said a word about the state and city workers who haven’t worked in 16 months. Why is that?
Try hiring people who are actually motivated to do something. Then it may be possible to get through one of those facilities in something less than 2 hours.
It’s all black and Latino patronage workers who haven’t worked in a year because of covid and now they have moved into low gear.