-- 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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Band Aid on an Arterial Hemorrhage! Who is getting the payoffs on this one?
The main action in this industry is on both coasts. Very curious that they would domicile here when the pool of employees and synergies with other similar companies is greater elsewhere. Maybe these are start ups looking to save money who will move after they become successful.
Great! More paper shufflers. How about producing something useful besides nonsense.
Another liberal pie-in-the-sky idea. Just wait until scientist employees are mugged, killed or robbed just trying to take public trans or even walk to their car and recruitment becomes impossible. This institution better be the best in the world to attract geniuses to work on the south side.
According to progressive theories, the shooting cannot be stopped until these developments are built. Then the shooting will stop as if by magic.