-- 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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A lot of moolinyan are involved in running dem cities. It case you hadn’t noticed. Yea I know, I never go into the city.
Is Lori discussing her concerns with Elhandjob Myorkas?
Aren’t there some empty big box stores on Michigan Avenue?
“Give me your tired, your poor, your huddled masses…” Oh wait, send them somewhere else.
Well perhaps there’s a few empty places in Logan Square….
Council members will gleefully nominate empty stores and warehouses in other wards. There doesn’t appear to be anything Lori can’t wreck!