-- 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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We need a dome on Soldier Field. We need a dome so the Bears farewell party to Arlington Heights won’t be cancelled due to rain.
Good call by Americans for Prosperity. I’m gonna give Wirepoints readers a brief history lesson on the Pontiac Silverdome.
The Silverdome was operated with an annual subsidy from the State of Michigan to the City of Pontiac for decades.
It was a real blue state Democratic Party 2fer. Not only were the Lions mediocre to awful all that time, taxpayers (many of whom weren’t football fans) had to pay for it too. It became an annual “political football” that didn’t go away until the Lions moved to Ford Field. Don’t make the same mistake in Arlington.
Something both parties can agree on