-- Connecting the dots between our economy, government and business --
In Brighton Park, some residents learned about the planned encampment as heavy machinery rolled onto the 10-acre site. In the days since, they have protested, posted angry social media messages and packed an informational meeting in a high school auditorium, where some applauded city officials and others heckled them.
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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They were applauding the hecklers!