-- 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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Here is an IDNR description of a gravel prairie. https://www2.illinois.gov/dnr/education/Pages/CDHabitatGravelPrairie.aspx. FWIW, that IDNR website does not mention Bell Bowl Prairie. Also, the WTTW article does not mention that the environmentalist proposal is not as friendly to semi-trucks as the airport proposal, in that the environmentalist proposal has sharper turning radiuses. Yes a lot of 18 wheelers make sharp turns. But when designing a logistics facility, fewer sharp turns are preferable. Also, the WTTW article does not mention the estimated direct and opportunity costs of the proposed changes. It would be helpful to their cause to have a fund to defray… Read more »