-- 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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“Johnson…hinted because CTA president Dorval Carter is black, race might have something to do with widespread criticism of his leadership over CTA.”
Seems like Johnson’s always a hair away from playing the race card.
Good article, except that in “shocking daylight alley assault and robbery in Bucktown,” the link for “Bucktown” goes to a Blogger login page.