-- 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 a relevant metric that nobody’s reporting: Volunteers are just starting to realize that the NFP orgs for which they volunteer have shifted liability onto the Volunteers themselves. Fact Checkers: How to find out? Call for quotes on auto insurance. Tell them you volunteer to drive seniors or disabled people to doctor appointments. THEN when you are denied coverage or asked to sign specific riders disclaiming insurers’ liability, ask the NFP for something in writing stating whose liability is the ride that the volunteer is proving at his own expense. People on the Board of/employed or paid by the… Read more »
Ohh this is just the start!
Hinz – another political hack.
Reveal the sources of your income please.
Go away.
Heinz is a professional blowhard/windbag. Always looking for an invitation so he can wear his new hat.
Fuq Greg Hinz. He was right there cheering on the socialists, the looters, the rioters and continue to beat the woke drums of destruction. He is a third rate hack of a journalist and unqualified for a supposed business journal. Crains is a “has been” publication just circling the drain along with the Trib. The sooner we can get rid of these dinosaurs the better for the real business news to get covered, not paid “news” stories and propaganda.
Hinz is just another vacuous liberal who doesn’t understand attribution analysis… We are where we are, Greg, BECAUSE of your silly, childish liberal policies…
So Ken Griffin is “too conservative” for Greg Hinz.
Well Greg, voting for Dems is like giving a Lightfoot free gas card to an arsonist. All of your personal votes for Dems produced the mayhem that you now see. You should embrace it instead of running away from it because you endorsed all this behavior. This is all on you and your fellow travelers.
Greg, thank you for the downvote!
Griffin’s Citadel is just the tip of the iceberg of Chicago companies looking for the exit door
Citadel pays the kind of professional salaries that keep the state afloat. Illinois can’t afford to lose any financial trading talent.