-- 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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Could that be called the “Martha’s Vineyard Effect”?
Only the dumbest of FOMO speculators would buy investments on the south side near the Obama library at the precipice of a collapsing housing bubble. You can’t fix stupid!
Say it isn’t so! The Obama Foundation isn’t looking out for the neighbors? No surprises there.
The edifice, squatting on public land and destroying so many mature trees, is an insult to the citizens of Chicago and the designers of our magnificent lake front.
Stupid, stupid chickens.