-- 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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“In one of the nation’s most segregated cities, communities of color face disproportionate exposure to air pollution, lead and climate risks such as flooding…”
Of course, nary a word about the extreme and self – inflicted violence in these nabes that kills and maims… the high levels of substance abuse, or their crappy “lifestyle” choices, such as poor diets, avoidance of self – care, avoidance of both basic preventive and critical medical care (even though all have Medicaid) etc…
How about a mayor with some common sense and knowledge