-- 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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Chicago elected Toni Preckwinkle with 77% of the vote and Kim Fox with 64% of the vote. The citizens obviously like the direction the city is heading. What’s the problem?
Don’t leave home without it!
It’s not just Chicago. You can’t go a day without reading about a high end robbery in Oak Brook. It’s either newly arrived Venezuelans or a group of Chicago’s finest. On Monday it was three lovely ladies named Damonica, Omesha and Onegua that hit up Ulta for $300 in merchandise. I’m not saying they didn’t desperately need the beauty supplies, but you need to pay ladies! They were arrested after a vehicle pursuit by Oak Brook’s finest, but not before they crashed into two other vehicles. Happens all the time now.