-- Connecting the dots between our economy, government and business --
The city has tackled projects big and small, from repaving roads and installing new signs to fast-tracking the new $80 million Damen Avenue Green Line stop near the United Center, where all the show business of the convention will occur. But with just eight days to go, the fine-tuning is taking place in earnest - and it's unclear precisely how much Chicago taxpayers will have to pay for these beautification efforts.
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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
It’s like putting lipstick on a very ugly pig.
Only Democrats, CTU members and their Media slaves are dumb enough to fall for the paper mache Potemkin Village facades.