-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Think about Obama for a second, he was President of the united states, you think in those 8 years he would have at least set something up for the south side of Chicago. Purchase some abandoned properties in these neighborhoods and open a few community centers, possibly multiple career centers to teach capentry/electricity or automotive skills centers to the youth of these neighborhoods and help them out. Revitalize the community Instead he buys a $41 million dollar estate on Marthas Vineyard for his family and wants to open a library with his name on it bragging how great he was when he has… Read more »
You won’t be able to get within 300 yards. It would present too much temptation for a mini Riechstag Fire! Loud choruses of FJB or FLL. I wonder if all the chip bags have been removed?
Will any Caucasian folks be allowed to attend? A telling story: the agency I work for opened a workforce training facility as part of a snazzy new larger workforce center in an impoverished South Side nabe. Lori appeared at the facility dedication and also for another visit. Our white staffers were *not* invited to the opening ceremony, or for her other visit…Lori’s security in fact kept them “outside the perimeter” both times. And yes, one of them was our *Executive Director* who spearheaded the whole project…’nuff said…!!! 🙁
I’d be home crying if I were snubbed by Lori! Oh the shame. The truth is they’re doing you a big favor. Being Caucasian in the midst of all those Negros increases your chance of a serious beat down. Another opportunity for Chicago to Shine!