-- 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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Cant read the article. But I do know skyscrapers are basically obsolete, especially the ones that are both wide and tall. Skyscrapers are full of workers using computers, they don’t need to be there to log on, they can log onto the very same network from home! Now if the people in those buildings were manufacturing something, then they’d have to physically come there, but to do computer work, no.
I don’t understand? Sounds like employees are refusing to come downtown for employment? Hmmm wonder why? Lori? Comments. Lori is taking lessons from Kamala. Something bad happening? Duck and cover! At the rate Chicago is going maybe we’ll never see Lori again. Does she go to city hall or just stay home and get smashed?