-- 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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Chicago leads … from the bottom.
Since life has become so cheap here Lori should leverage this development into something positive.
I propose that on her next overseas junket she unveil tout the new “Abortion Capital of America” for the repurposed (and half vacant) Mag Mile.
It would be like the Las Vegas strip with casinos replaced with abortion mills.
Mass transit has had its day — it’s time to push that outmoded dinosaur into the tar pits.