-- 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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No. Municipal potable water treatment and distribution systems are local infrastructure. They are built by the municipality to serve the residents and businesses in that municipality only. There is no state or federal potable water system. Each municipality (or public water supply as the IEPA calls them) typically operates their water system as an enterprise fund. Meaning, the water bill a resident/business pays on monthly (or bi-monthly) basis is supposed to cover the cost of obtaining, treating, and distributing that water. Inherent, within the water bill, is supposed to be the costs for both operating the system, maintaining the system,… Read more »
Do you really believe that a certain segment of the population is responsible for their own infrastructure? They are the entitled class, they have been sucking at the public teat for decades and do not know how to take care of anything themselves. They depend on that other segment of the population to provide for them yet are responsible for all the ills and woes of that certain entitled segment. Robbins will scream racism until dullard politicians send huge baskets of cash along with people who know how to fix things and remedy the issue, until the next one.
The truth hurts downvoter, deal with it
I understand what you’re saying but I think we need to continue to hold up what is supposed to be. I understand the so-called “reality” but, as I’m guessing you might agree, this disparity….one group of people playing by the rules and another group not so much…….is unsustainable and will invariably lead to conflict. Then again, maybe that’s what the non-rule followers want.
Similar situation after the barbarians plundered the Roman Empire, the aqueducts failed after decades of maintenance and neglect, and no one was around anymore to repair them. Because everyone that knew how to repair them was long gone. The newcomers hadn’t the wherewithal to figure it out themselves. It took 1,000 years before the locals rediscovered the technology again to bring running water back to town instead of using buckets at the local well, or worse, drinking parasite infested disgusting river water.
Looks like that Wakanda thing ain’t working out so well. We was kang’s and thangs, we could fly.