-- 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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As citizens continue to be killed everyday with rampant crime. Great move Chicago!
And you wonder why downtown is a ghost town!
Artists succeed or fail based upon merit, not skin color. Richard Hunt, Kerry James Marshall, Dawoud Bey, Nick Cave, Theaster Gates, and Martin Purtyear are some of the most successful artists to ever hail from Chicago. Music from Chicago’s hoods have had very good runs too. Want to help the arts? End the pandemic hyper-hysteria and race-bait-fueled violence. “Much of the funding will go to creative communities and artists on the South and West sides.” Because they don’t devour enough city resources already? Is this about artistic merit or wealth transfer and vote buying? I’ve got news for you, most… Read more »