-- 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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$500 million for a vanity project, with 1.000 shootings thru April within site of this structure. Boy, are we a City and a country with screwed up priorities.
It’s not about the building, sure this first look didn’t floor me with aesthetic wonder. It looks kind of like the jail on south lasalle street, slits for Windows, who knows its just a model. What does bother me is that it is intended to be a place to “train” the future leaders of America. Since when does leading with Liberty require training? Is it “train” or indoctrinate the future leaders?
And what will be the conservative offset in Illinois to this liberal training center?
From the article:
“Obama said the goal of the campus is to ‘train the next generation of leadership’ so ‘they can take up the torch and lead the process of change in the future.’
‘What we want this to be is the world-premiere institution for training young people and leadership to make a difference in their communities, in their country and in the world,’ Obama said.
Instead of bricks and mortar, stone and glass, just put all the documents on an internet site.
Terrible. Ugly. Yuck. Looks like a NIPSCO cooling tower or one of the nuclear plant towers in Zion. Compare it to the museum structure to the north in their own rendering– bring back the classy architecture from last century.