-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Just build it! When it never generates a nickle and all the cargo carriers fold, you can repurpose the land into a gigantic shopping mall. Always popular with teens and young adults. The airport can also handle excess volume from mid America airport that has no scheduled service! How’s that for a plan!
Talk about “beating a dead horse” – this is akin to the lamers who still want the old “Marshall Field’s” label re – attached to the Macy’s on State Street, lol…
Just let this thing die already. After all, with the elimination of fossil fuels, all air travel will be abolished, right?