-- 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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Gunfight at the not so O.K Chicago corral.
Broad daylight. They have no fear of the law. Everyone for themselves it seems. Know small bookstore owner – has two employees, says the crime is worse now and ruining her biz. Just trying to hold on to what she has worked so hard for.
Forget Chicago no need to visit anymore- The dems have destroyed it!
Only the fools will stay
Chicago, the Sarajevo of America. Come dodge the shooters, more fun than paintball.
Wonder how Chicago’s tourism-convention business associations spin this story likely to get wide press in next week.
Loop is the new Englewood
Lil Kim was quoted as saying “nuthin to see here”.
A running gun battle with automatic weapons, ya know Machine Guns! I wonder how Lori and Brown will spin this? If they even acknowledge it!