-- 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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Sounds reasonable. I’d have a hard time going to an indoor pool in the summer.
Hate to tell you, but there are a number of indoor pools on the list, Austin Town Hall, Blackhawk, Shabbona and Eckert, and others. I know, I worked them in the winters. Several are only 20 yard 4 lane pools. Do you know what a twenty yard indoor pool looks like at the end of the day after a couple hundred sweaty kids get out?
REALLY? PULLING LIFEGUARDS FROM THE BEACH (NORTH AVENUE) THAT HAS BEEN THE SCENE OF REPEATED CRIME-THUG-MOB-WILDING?
May 12
Memorial Day Weekend
June 21
PARK DISTRICT NEEDS A REBOOT