-- 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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I’ve got sores on my ass waiting for something logical from this clown!
“Jewel in the crown of tourism attraction?” It looks like Mr. Msall has been fooled along with so many Bears fans. If he looks closely at that “jewel” he will see that it is made from cheap, misshapen, colored glass.
The Bears perfectly reflect Chicago, mediocrity bundled and sold as a success. No long term program for sustained excellence just blame someone when things go haywire!