-- 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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The absolute greed of the leftists communists running Dist. 214 is pathetic and dangerous. The northwest suburbs have swung so far to the left, in what used to be a bastion of conservationism, and now we get these barely elected school officials who believe THEY should have the power to decide where the Bears build their next stadium. But at the end of the day, this is the Bear’s own fault. They’re 4-9 right now, on their way to a 4-13 season, they’ve had losing seasons 14 of the last 15 years, and there’s no excitement to build a billion… Read more »
Ain’t gonna’ happen no matter what the tax bill is. No government body has the financial means right now to pay for the infrastructure, and the Bears are too cheap to make a meaningful contribution