-- 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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Have CTA trains and buses ever been cleaned properly? What else is new?
Government employees always wonder why people pick on them.
Uh, this article right here.
Meanwhile, I have no doubt that Ms. Lightfoot will have zero problem fining and shutting down a private sector business owner who didn’t scrub in between the cracks of the ductwork every 30 minutes. Then she’ll go on TV and blast the “irresponsible” private sector while making deranged threats about all of us.
It is us against them.