-- 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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This is hilarious, established government buildings under siege. What’s next flash mobs storming banks?
And this is the building that Google thinks it can fill up with tech workers — who can now work for any company in the world — while sitting in their living room
And none of them will be charged by Kimmie Fox, because it’s a “victimless” crime – right?
Years ago, it was a crime to steal the mail!
I’m sure they all voted for Mayor BJ!!
Well, this is a new crime pattern. Gee, I wonder if any of these guys filled out a job application while they were at it?