-- 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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Americans rate Chicago as comparatively unsafe and water as comparatively wet.
The classic film “Stripes” shows how Chicago has always been seen as a crime toilet — all over the world
“Chee-ka-go! BANG BANG”
https://www.youtube.com/watch?v=OWzZtKHSJ3I
A perfect Presidential campaign poster for JB!
Chicago’s reputation across the country and world is simply awful. It’s also well deserved.
And the laughing stock of half the country. But yet, in an act of defiance, like a child, the DNC decides to host the convention here. “If republicans say it’s bad, then we must do it, no matter what”
My goodness, that’s a lot of carnival barkers. Does the governor know about this?
Carnival barkers and spelunkers for misery.
Honestly, I’m a bit surprised that JB has the word ‘spelunker’ in his vocabulary. He must have paid extra for that in his law school testing preparation classes.