-- 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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Who said the kids do not learn anything in the CPS?
Raise your hand if you saw Homies water carrying media ignore this story too.
Mayor Cliff Notes can wave goodbye to Louis Vuitton. The Mag Mile gets ever less mag.
I bet these are kids just out having fun. They should have been shot by LV security guards. Great way to bring in tourists to the city. A city run by morons
Excellent work mayor Pinhead. This is just what customers and tourists to the City want to see and be involved in…broad-daylight-robbery. Your plan is working perfectly.