-- 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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Sad article, all about race. Totally racist. Assumes a resident cannot be represented adequately unless that alderman shares the same color skin as his constituents. No ideas presented at all, or policies, just ‘black/white/asian/hispanic’ caucuses. This is third world type stuff, really, with coalitions formed based solely on race and tribe…I thought America was about transcending that experience.
There is no diversity in Chicago.. They are all dems. The dems will ensure that the different groups continue to hate each other. It is much easier to stay in power this way. I’m just surprised that the dems can keep all of the Chicago residents as dems. It is a true testament to their skill.