-- 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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The truth hurts.
In partial defense of Chicago there are a few noteworthy attributes. Hot Dogs-Italian Beef-Maxwell Polish-Pizza-Chinese Food-Crusty French Bread-Bakeries-Rosens Rye Bread- Sub sandwiches on crusty bread/Pizza and Hot Dogs get a second mention. Almost forgot Peppo’s Subs (with the guts) Check out their menu!
I hate to break it to you but they have those things all over the country
Chicago is an embarrassment to the human race.