-- 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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Good for Craig D for speaking up. More business leaders in Chicago should do the same. And what ever happened to the once great business organizations we had in Chicago– the Civic Committee, Chamber of Commerce, Restaurant Association, Civic Committee, Economics Club, etc. They have been complicitly silent as the city has imploded.
The comment from the CEO of McDonalds should be a warning, like Ken Griffin’s but it won’t be. Next thing you know they’re out of here. Don’t worry about who might be moving in, worry about those that are leaving.
I told ya so! The closer we get to the election the crazier Lori gets. She whipped out the race card. Per Lori
, she’s the only N deserving of your vote; she said so! If you don’t vote for me, don’t vote! I wonder if in a moment of introspection she ever goes WTF! Notice all the Democrat celebrities coming to the city to support her? Yea me neither. There are nine days to go. LORI PLAYS THE RACE CAR! She is much too clumsy to get through the remaining time without really going off the rails.
If you don’t vote for me you ain’t black, man. Wait, Joe already used that one.
We’re witnessing the glory days of insanity and the total absence of introspection. Hmmm…..maybe this isn’t a good idea!
Lori is itching for an opportunity to pull her 454 Casul derringer.she’s notoriously inept with the weapon; it’s the compound eyes.