-- 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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Every entity is demanding something. Look at many wirepoints-posted articles of this year. Apparently, what some people don’t realize is your organization needs leverage or power to have your demand mean anything. One of my favorite demands of this year is organizations in our country demanding an end to the Israel-Hamas war.
Reform solutions always seem to involve the need to raise more money for government to spend!
Big Guvmnt needs to make investments.
Haha, I crack myself up!!
Once again, the Tribune is about a decade short and a dollar behind the times. Why does the Trib stil exist? Who reads this nonsense?
We’ve already had the culture shift. The city council is filling up with Democrat Socialist ideologues who don’t seem to be influenced money, because they care more about destroying the existing order than white envelopes in their own pockets. I hate to say I prefer the Ed Burke era, but in a way, I kind of do.
IMO all Illinois and esp. Chicago Dems need to be sent to re-education camps.
Oh please, you have a better chance of getting pigs to fly and drop Krispy Kremes from the sky. Chicago isn’t going to change for the better. It’s rotting from the inside and has been for years.