-- 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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I used to eat at the Golden Nugget Pancake House. I think there was one on N. Lincoln and Montrose decades ago. I really miss all the great late night places to eat. Harris restaurant on Irving Park with their German chocolate cake?
$2.8 billion is not true
I know you’re only quoting the article, but it seems highly unlikely Danville has received $2.8 billion in gaming taxes.
I was just going to say.