-- 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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Smith…. Yeah, she’s a peach. Though she never misses a local opportunity to glad-hand…
here
s a piece of news about ex alderman in the water department theres a position of deputy commissioner which is over SAFETY LOL current place holding John Pope formerly of the 10th till unseated making $120000 qualifications absolutely none before that clown former 12th ward alderman Mark Fary held the position until moving on to private sector job at the OHara expansion under his wifes supervision she ran the whole deal