-- 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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Ah, so glad my new gig in an adjacent northern suburb is only a twelve – minute walk away from home, and in a safe area – NO MORE FILTHY DISGUSTING CTA! And I’m never stepping foot in Chicago again (formerly worked in Ravenswood – which is also becoming a real unsafe dump)… 🙂
Crime is down say the so called leaders, Lightfoot, Brown, Foxx, Preckwinkle. Let’s guess the common denominator of those 4. Let’s ask the almost 1900 car jack victims in 2021 and the over 300 so far this year what they think.