-- 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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There is a walkout happening at the Rockford Environmental Science Academy.
There is no intelligent life in Rockford, been that way for at least 30 years.
A short drive around Rockford shows how much demographics have changed. Unfortunately, the replacement demographic has done nothing to improve the aesthetics of the city, it still looks like a bomb went off in half the town. It’s not like the newcomers are rehabbing or revitalizing the place, they’re just transforming it from the Rockfordian slum into a Guadalajaran barrio instead. At most, a sloppy paint job on an older building, maybe a spraypainted sign in Spanish. Immigrants of the past used to build their own communities; most of Chicago’s neighborhoods were built by the hands of immigrants, who after… Read more »
Very insightful comment, thanks!👍