-- 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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It’s the 2 legged rat in the mayor’s office that worries me the most.
I was wondering if City Hall was included in the tally.
Another report Pritzker will deny. Brando will confirm the achievement and blame decades of disinvestment in marginalized communities!
What a milestone! Thank you Orkin for keeping track. (Although most of us who have lived in Chicago already suspected that it was the most rat-infested city in the nation.)
You think that’s bad? You should see the rodent problem!
And that’s just City Hall.