-- 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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No need to ever step foot in Chicago again! Have fun from a guy in the burbs!
Hotel jobs are crap jobs, worked in the field many years ago! Crap pay/benefits/working conditions, crap management, and worst of all taking crap from self – entitled “customers” And this was *forty* years ago, cannot imagine how bad it is now. “Customer service” workers should be receiving “hazard pay” for all they have to put up with. Even my local YMCA (north suburban) has ads out constantly for customer service positions, they can’t understand why no will work for them – for $13.50 per hour would Y – O – U … !!!??? One has to laugh…
Gee, they can’t fill their sht jobs? Whodaguessed!