-- 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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Richard M Daley should be un prison for the parking meter fiasco. Screwed the city taxpayers and filled his and his friends pockets with lots and lots of cash.
More predatory meters — just what struggling businesses don’t need
I’ve noticed living in both Chicago and Detroit that nickel and diming motorists is common in Democratic run blue cities.
In both cities parking enforcement is Jonny on the Spot. If you’re getting robbed, murdered, car jacked there won’t be a cop around though.