-- 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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When Rahm Emanuel commented that Chick-fil-A’s values are not Chicago values, I’m beginning to see that he was correct. Chick-fil-A is not corrupt enough for Chicago
I think it’s hilarious that a couple of red state Texans showed up to an aldermanic corruption shakedown with a wire courtesy of the FBI. Texans have never been a people to shy away from a fight and they fight to win. Burke thought being some piddly alderman actually mattered to a multinational Burger King franchisee. It didn’t.
Big fish in a small pond hubris at its finest.