-- Connecting the dots between our economy, government and business --
The motion, filed Sunday, alleges the village, in seeking to buy the home, is engaging in an “endeavor with substantial cost to taxpayers with no compelling governmental necessity."
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 modern day version of A Tale of Two Cities.
The former apartment of Cardinal Karol Wytola and eventaul Pope John Paul II in Kracow, Poland is now a national shrine.
One can assume Krakow isn’t millions of dollars in debt, didn’t recently chase a bedazzled mayor out of office that treated the city funds as her personal beauty/ entertainment fund and overall is a much more productive community.
Well the Poles know beesss when they see it.