-- 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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Yea, OK ! Shoe repair shops the backbone of the Chicago economy. The only place you can learn shoe repair is in the joint. The 9-5 regulars are gone!
This story is about a Wicker Park resident who orders vanilla lattes. Please, Tribune, stop writing, your paper is trash. Your ‘journalism’ is not needed or wanted any more.