-- 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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Clean up our neighborhood in the name of equity! Yea OK! When you treat your area like a landfill don’t expect the Homes and Garden award! That old mattress on your hard pan lawn is blocking the sun. Equity, another magic word for Gimme.
Seeds fall from trees for free. Plant them in the ground and in 20 years there will be hundreds of thousands more trees, not just in leafy neighborhoods, but everywhere.