-- 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 snow platoons were activated and on standby! Thank you LoL JB.
Who cares what happens downtown. You may have been inconvenienced; be thankful you weren’t murdered! Lori.
“To be clear, the issue is not the community wanting to celebrate downtown – and the problems were not their fault.”
What?! The chaos most certainly was the fault of “the community”.
Those who want to celebrate Mexican Independence Day should do what every other group does, apply for a parade permit. Parades are a celebration, blocking the streets 4 nights in a row, shooting off fireworks in the middle of intersections, throwing bottles and bricks at police cars is a riot.