-- 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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I don’t think that’s graffiti. Probably just blood splatter from all the shootings.
I don’t know how bad it is, I haven’t gone into the city in many years. However going into Goggle Earth street view you can see what a greasy dump Chicago has become. Hard pan and trash everywhere.
Glaring example of when a city is crumbling.
Oh no! It’s the artistic expression of the oppressed and underserved!
What a crock!