-- 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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My question to CBS2 is “is it all worth it”? The article asked the question but no, yes or no answer. Please CBS2 an inquiring mind(s) want to know. Why do the dogs have a cage on their snout? That seems cruel.
I just hope these K9’s don’t catch something when they bite a dirty thug.
CTA ridership needs to read Bernie Geotz’s guide for NYC Straphangers for an effective way of reducing transit crime
What? And give Kim Foxx something she would actually prosecute?
Take an Uber instead.