-- 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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“Climate-fueled storms” Adriana Pérez, DNC typist collecting a paycheck from the once-great now failing and nearly readerless Chicago Tribune, penned another desperate paean to the Climate Religion. The poor residents who are looking to the government for their salvation would do better to look to their landlord if they’re a renter. Unless you’re the recipient of the copious graft and corruption enjoyed by elite political animals, depending on government for basic home repairs and services will leave you in the lurch. Deb Kutska needs to stop the climate-fueled Barbara Streisand and find productive employment. And return all compensation received in… Read more »
How long has the city/county/state been working to fix “Bubbly Creek?” I am not hopeful any problems will ever be fixed. As for flooding, didn’t the billions and billions spent on the deep tunnel project fix the home flooding problems? See what I mean.
The Water Reclamation District is a black hole for taxpayers money that had to contract out to fix their own parking lot. It seems repairing holes was beyond their expertise.