-- 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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LETTER TO THE EDITOR: MEXICAN INDEPENDENCE DAY CHAOS, TRAFFIC BARRICADE, WAS A DISGRACE: On Saturday Evening, My Neighbors And I Were Returning Home After Having Dinner In Evanston. We Left The Restaurant At 8:15 P.M. We Proceeded Down Lake Shore Drive Toward Home. We Were Not Allowed To Exit At Michigan Avenue, Which Is One Block From Our Home. We Were Prevented From Exiting Lake Shore Drive Until We Were Forced Into Hyde Park, Where We Finally Exited Onto 53rd Street! We Stopped Twice Along The Way To Show Police Officers At The Exits That We Lived (And Pay Taxes)… Read more »
I saw where Florida is offering Chicago policemen a $5,000 incentive to move there and supposedly 37 so far have gone for it. Look for more of this in the future adding to the problem but put a smile on and remember…the people voted for it.
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