-- 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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Obama nowhere to be found for comment…especially in Chicago.
What’s Obummer ever done for Chicago? Zero. The Noble Peace Prize winner brings no peace to the burg where he’s building his 250′ Jackson Park-destroying selfie right on the Mississippi flyway for migratory birds. Will Obummer and the wife collect the dead birds’ bodies when these migrants end their journeys by colliding with the selfie? Don’t think so. He also wants a championship, Tiger Woods-designed golf course to extend his ruination of Chicago’s formerly first class park system. Chicago has the perfect weather for all year golf. When looking into the rise in real estate values, check to learn –… Read more »
What an UGLI pile of crap – it looks like the bunkers/flak towers that Hitler built in Berlin during World War II:
And I would be just as concerned about the visual blight this is going to create. It is an eyesore pure and simple.