-- 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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Wow cops salary is only 85K! It should be at least 150K for a life risking job. My son makes 150K programming computers at from home at the age of 25. Doesn’t seem right.
The Casino will have to be a secured compound – metal detectors and armed security at all entrances, plenty of CCTV, and parking also fully secured with steel doors. Otherwise, enjoy your visit to Chicago!
Oh Boy! Picked through the alderman’s office. Keep it in the family! Money to keep silent?