-- 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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Somebody couldn’t get a piece of the deal so no deal. The Chicago Way!
Food deserts are mostly caused by shoplifting havens.
It’s unclear from article if Brando & crew blew this free state funding opportunity for progressive community grocery store out of shear ineptitude? Or some other reason from mayor who talks “community disinvestment ” 24/7?
Looks like Brando was all talk and no action on this one. No surprise there. This must make JB very upset. If it’s one thing JB fears, it’s being trapped for more than 5 minutes in a food desert. It’s his kryptonite.