-- 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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Ruh roh. When you start to lose the wokesters at the Trib, a once-great Chicago newspaper now relegated to regurgitating press releases from Democrats peppered with moronic ESG, DEI, and SJW stories, you are in serious trouble. Even while petulantly whining about Metra’s icky bad diesel power, the woke Trib editorial board had the temerity to point out the empty trains running primarily for the employment of CTA and Metra employees. They even went so far as to question the cost of the CTA’s latest means to enrich the political class: the unneeded Red Line Extension. In today’s world of… Read more »