-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Never been there. But Copenhagen was a bit of paradise when I was there in 90′.
On the Internet, you can find support for almost any opinion you have no matter how bizarre.
I can’t wait for their deadliest neighborhood in the world list. Chicago will claim the top five on that list! Winning!
whaaaat! Time Out magazine? Andersonville has a chicken and fish joint! Wow! Who knew.
Before visiting Andersonville or any other neighborhood, check the CWB Chicago website to be informed about what can go wrong.
https://cwbchicago.com/category/edgewater/andersonville
Lol…has the ‘Time Out’ staff ever bothered to even *visit* Chicago…!!!??? This is another “paint – by – numbers” travel article, done “remotely”…it’s SOP for travel “writers” now, starting with the august “New York Times”…