-- 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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Leave while you can! Soldier Field will likely collapse some day!
Leave Chicago Now!
Lori your liberal politics no longer work for good peeps!
Fans of the team don’t care if it moves to Arlington Heights. It will be a safer and more enjoyable experience. Lori was already a loser. This just makes her a bigger one. No one can be surprised by that outcome.