-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Hmm, Bernie Geotz knew how to handle wild animals in NYC. Perhaps he could move to Chicago and teach obedience training?
Nay nay!
Those thugs…er…’disadvantaged youth’ deserve due process!!
Proud CPS album’s collecting money to keep schools open and Fair Access to Robust Teaching.
So, the Red Line is unsafe. I guess the logical thing to do to correct this problem is to expand the Red Line – another harebrained scheme by City of Chicago mismanagers to further abuse taxpayers.
Another place law abiding citizens can’t carry, but thugs can. Image what the consequences would be if a lawful citizen rolled over 12 of the 15 with a 124 grain pill? It would be St. George Floyd all over again
Chicago, Chicago that treacherous town.
Chicago Transit is much too dangerous to take. Just one more reason not to go downtown ever. The city will die if enough people get scared for their lives.
Sorry Homie the mayor, these folks from the community don’t look very generous to me.