-- 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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What about mandating that you drive clown cars. You can easily get 10-15 in one car and they are small and colorful.
Need to add carpool,and shooting lanes to ease traffic.
Bullet proof lane dividers will become fashionable.
The widened express way will only make it easier for city dwellers to flee for greener, suburban pastures.
Are you former Chicago Mayor Daley?