-- 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 PPP loan $s don’t suprise me. Tons of buiness got tons of $. The small company where I worked got $5.5 mill and none of the employees have any idea who got what or where the $ went? over the coming years there’s going to be tons of scandal on an epic scale.
Hmm, looks like the Sun Times is the Hardest Grifting Paper in America!
The list is missing some NFP newspapers. For example, Growing Community Media group that covers Chicago’s west side and near west suburbs received around $400,000.
Good catch McHenry County Blog! Now do farm implement dealers, private schools, and churches.