-- 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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Dirt roads are the solution
If the city is worried about pollution, why is it soliciting bids for asphalt if asphalt contributes to air pollution?
https://www.science.org/content/article/it-s-not-just-cars-make-pollution-it-s-roads-they-drive-too
Someone at City Hall feeling slighted?
The envelope was a tad thin!
Lighthead favors rights for potholes…
The states received money from the government and all of a sudden it is held hostage? It wasn’t even from their coffers, but I am sure that is where it will be going. This is just an excuse to keep it. You can’t help stupid. I am not sure why we keep trying.
Failed Mayor Lightfoot Does A ‘Green-Fraud’-Drive-By On Asphalt Plant, Jobs