-- 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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I wonder if these people who believe ‘evil patterns of systemic segregation’ are why chicago is so segregated, ever ask black people why they live where they do. I suspect many of them would give the honest answer that they want to live around other black people and black people live on the south and west sides. No one is stopping black people from moving into market rate housing in lakeview or edison park. Like literally no one. In fact the white areas of the city are often the most diverse of any areas in the city because they involve… Read more »