-- 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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Medellin, Colombia coming in at #3 certainly adds credibility to the list.
Chicago does have good food. It helps that we are surrounded by some of the world’s most productive farmland for hundreds of miles in all directions and literally thousands of food processing plants and factories.
Yes, there are good things to enjoy, but at what cost? I stopped going into Chicago due to personal safety reasons.
Is channel five still around? I thought they went the way of spatz.
Babylon Bee article?
Is this the Onion?
Illinois Democrats’ Number One Priority — Making Sure That Criminals In Jail Vote