-- Connecting the dots between our economy, government and business --
One X user wrote, "you need to call for a ceasefire(sic) in your own city." Other commenters wanted to know what resolution the city council passed Wednesday to combat violence in Chicago.
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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HE REALLY NEEDS TO BE RECALLED
What’s the old adage about getting ones own house in order before worrying about ones neighbors?