-- 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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Wishful thinking, all the judges are Democrat cheerleaders. Thinking a fair shake is around the corner is delusional. It’s Illinois!
Plain and simple this is theft of public parkland. What part of forever open, clear and free is confusing? There is plenty of vacant land around, adjacent and outside Jackson Park that Obama and his bevy of worshipers can purchase for this building……thereby INCREASING open park space for the future generations of Chicagoans.
Those are just meaningless words just written on some paper, and mean nothing to the will of the communist. Do you mere words stopped Stalin or Lenin or Mao from building their monuments to themselves?