-- 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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Maybe WTTW would care to comment on their known association with convicted criminals; they’ve had enough politicians on the show to fill Calumet Harbor!
What a ridiculous requirement. I authored a letter regarding a firm I represented that didn’t exist before 1934.
Simply absurd and, yes, a way to keep that pot of racism boiling.
Over 150 yrs some people/companies may have been involved with slave issues. All the people involved are long dead and probably most of the companies are no longer in business so let’s dig around and manufacture some social issues to stir the pot of racism. Good idea!
Chicago Is A Dead Broke Unflushed Crime Toilet — But City Hall Is Spending Tax Dollars On Investigating Corporate Ties To Slavery That Ended 160 Years Ago
Does this include slavery that is actually happening today, looking at you China, or do we continue to hold people accountable today for what happened in the past that they had no control over? Sounds like a typical Chicago shake down to me.