-- 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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Is Buddy Billiken cancelled? ?
No word yet that Lollapalooza has officially been canceled.
It’s a huge multi-act privately organized annual concert in Grant Park which this year was scheduled for July 30 – August 2.
http://www.lollapalooza.com
https://twitter.com/lollapalooza
“including at-home dance parties, drive-in movies, virtual concerts,”
Well worth the price of the $400,000 two bedroom condo in Lincoln Park. Sign me up!