-- 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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If these usual gang of idiots gets all that money for two useless stadiums then
Please let me make my case for a 43
Man Squamish Stadium. With credit to
Mad Magazine for inventing the sport.
The stadium might cost a bit more as the field is played on a 5-sided field known as a flutney. The stadium could be as large as
2000 acres but hell what’s money for,
Lets spend it.
“New Developments on the Chicago Way.” There, I fixed the headline.