-- 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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This is fake new being pushed by USA Today. Show us the spending outlines or proposals put forward by the mayor that were discussed in the city council regarding how the tax money would be spent aiding the homeless. Were there any? The only spending proposal I saw was from the ctu pushing for housing stipends for their already housed and very highly paid teachers. Bring Home Chicago was about the homeless like the Inflation Reduction Act was about reducing inflation. Yeah, right.
Happy Easter to all.
It’s not just Chicago but many other cities around the world are collapsing in on itself.
https://www.yahoo.com/news/once-africa-world-class-city-123908974.html
Thanks, Freddy. How is your eye? Did you ever figure out what caused your detached retina? Maybe it was from pounding your head on the table every morning when you read the news, like I do.
Good one Mark. Thanks for asking. I can read the first few lines on the eye chart so it’s now 20/70 10 days after surgery. The day after surgery I could only read the E which was quite scary but the doctor said there is swelling and inflammation but I developed a large floater in that eye but doctor says it mat go away. As to the underlying cause what started this is all speculation. No one knows other than generic responses like age/a sneeze/bumping my head/lifting while inhaling instead of exhaling or just out of the blue. It is… Read more »
Interesting read and I note, within the article, “ corruption, poverty and unemployment,” making me ponder where have I heard that before? Speaking of hearing things before I see mention of “legacy of apartheid” within the article as well and on that…draw your own conclusions.