-- 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
Think the ‘CBA’ ordinane for affordable housing set aides around obama center & u of c is main project chicago housing dept is mixed up in. And, oddly not giving in to activists demands. Lot of big developer$ & big u oc $ involved. https://www.chicagomaroon.com/article/2019/11/19/organizers-urge-city-counsel-pass-cba-ordinance-te/
Another Task Force! Like I mentioned in a different post. Sooner than later every man woman and child in Illinois will be on some task force. Wonder how much they pay and will I also get a task force pension? Why not create a property tax REDUCTION task force?
We need a Task Force Reduction Task Force
The directors of the firm hired to continue the credits after the other people had been sacked, wish it to be known that they have just been sacked. The credits have been completed in an entirely different style at great expense and at the last minute.
Illinois is officially a Monty Python gag now.
I was just going to say that. And now for something completely different. The “Larch”