-- 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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Some parts of Chicago are the progressive dystopian utopia, where neighbors don’t know each other because few speak the same language, and no one cares enough about the community to shovel their disabled neighbor’s sidewalk. This failure of city living in called ‘ableism’. I mean, snow falls from the sky at random times during the day, in varying amount, for 4-5 months a year, that’s part of living in a cold, northern climate. No one has ever called waiting for snow to melt ‘ableist’. Shoveling sidewalks is a laudable goal but calling it ‘ableist’, as if the government is participating… Read more »