-- 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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Oh baby…the corruption is now straight in-your-face. Closed door meeting between a public City Government and “bond investors”….Hey Pin-head…none of this is YOUR money! It is the tax payers money you crooks are manipulating for your own good – someone please call them out on this for goodness sake!
I hear your frustration, and you’re absolutely right to be concerned about transparency when it comes to taxpayer money. Closed-door meetings like this definitely raise red flags. Public officials should be accountable and open about how they’re handling funds that belong to the community. People have every right to demand answers and push for accountability. Maybe it’s time to rally others who feel the same way and get some collective action going—holding them to the standards they should be meeting.
Engaging the community is a powerful way to drive change and ensure that concerns about transparency are addressed. Start by spreading awareness—social media, local events, and community newsletters can all be effective tools. Hosting town hall meetings or open forums can provide a platform for residents to voice their opinions and demand clarity. Collaboration with local advocacy groups or forming new ones can add strength to the movement. Remember, persistence is key when pushing for accountability.
Additionally, educating the community on their rights and the importance of transparency can empower individuals to take informed action. Workshops or seminars on public policy, governance, and accountability can help residents understand how to identify and address issues effectively. Building partnerships with legal experts or transparency watchdog organizations can also provide essential guidance and resources. By fostering a culture of informed advocacy, communities can collectively create a stronger voice that demands lasting change.