-- 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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He has the same plans as DeBlasio. What if an army of street people start defecating all over Chicago? Can’t rule it out at this point. Legal weed then decriminalize meth and heroin? Then Chicago will definitely look like San Fran, LA, Portland, Seattle, but we can have more equity.
Free compostable detritus bags and tissue and hand sanitizer from strategically located dispensers. (No place to discard them because all the trash cans have been removed due to public misuse.) Nearby heated privacy screens to preserve constitutional privacy rights … cleaned hourly by city employees for public health purposes — around the clock with overtime. Who will be the first presidential candidate to endorse this?