-- 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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Imagine how much good could be accomplished if the money raised for the Obama edifice was used to help the residents in the area. Instead they are building a monument that will displace area residents as the neighborhoods gentrify.
As kids we were taught ‘self-praise stinks.’ It was true then; is true now.
Oh Boy! A blowhard opportunity! Community leaders like Joe Camel and Kim. Will Lori return from her hideaway in DC having completed her very important on behalf of the citizens of Chicago? Will she stand off to the side isolated by her greatness?
See eye aye boys, barry and mike off the the [edited out] ranchero while thier billion dollar love shack is under construction
Paul, go somewhere else to gay bash. You’re outa here.