-- 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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Is it possible to have a 1-1 conversation via e-mail or phone or in-person with Mark Glennon? I am a 1957 alumna of NTHS who feels very sad about the way this controversy blown up. I lived in Winnetka from 1944 till college, 1957. It was not a diverse community, but it was open. Dr. King spoke at the Winnetka Village Green in 1965. Hundreds attended and applauded. If people had prejudices they shared them behind closed doors. (I know; I was a Jewish kid.) What’s happened to my neighborhood? Jane Salzman Heron, Chicago, 2-28-17
Jane- Yes, happy to. I have emailed you.
For every 86 of them, having 1 of us supporting your/our cause is just rewards…