-- 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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Come to Chicago, get stabbed in the neck! Spin this on Lori! A misunderstanding that turned into a situation?
River North is like Englewood now
West Detroit has arrived.
And it only took Loris short time in office to get here.
Come from the shopping on Mag Miles. Leave in a body bag after a stabbing.
Come to the Mag Mile for the shopping experience. Have a photo taken of the chalk outline around your body for friends and family to remember you by.