-- 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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After Millennium Park was swarmed by hundreds of teens, aldermen and activists excused the behavior saying the city doesn’t have enough places for teens to gather. So what’s the city’s solution, to close park district facilities where teens (and seniors) can safely gather in favor of illegal aliens.
In other news, Lallapalozza was canceled so Grant Park could be repurposed to house public charges……