-- 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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The place will collapse if it’s ever completed.
When you focus on the ethnicity of the firm ownership instead of the quality of the work they perform, bad things can happen. When it comes to construction, not all firms are created equal in terms of knowledge and skill. I wasn’t planning on visiting the temple being built to honor the great man anyways, but I hope these people know what they’re doing for the sake of the people who do visit.
Hmmmm……the Center has not achieved fund raising targets! Ya know who’s in charge? VALJAR! On a salary north of $500,000! The perennial non profit scam, all funds are dedicated to salaries! Makes one wonder!