-- 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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This is payback for shutting down Trumps summer of 2016 rally. Enjoy your culture war, freaks! https://www.chicagotribune.com/news/breaking/ct-trump-protest-scene-20160311-story.html March 12, 2016: Trump cancels Chicago rally amid organized protests Republican presidential front-runner Donald Trump abruptly canceled his Friday night rally at the University of Illinois at Chicago Pavilion, citing security concerns as thousands of protesters gathered outside and hundreds more demonstrated in unison inside. While Trump has faced interruptions during his speeches for months, he had not been confronted with the type of large, organized protest that unfolded in Chicago. As the crowd waited for the event to start, security escorted about… Read more »