-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
The newspaper’s story is more inane garbage with no context. Their point? I grew up in Rogers Park many years ago. I have not been there for nearly 35 years. Went to Joyce Kilmer and lived near Morse and Sheridan and also near Clark and Pratt. It was a diverse, safe, and wonderful neighborhood then.
I had friends in Rogers Park years ago and used to visit often, but I never understood the attraction of that neighborhood. I always found it to be mostly dirty and shabby.
The Sun-Times calls Roger’s Park diverse, yet, when I look at the map, all I see are white people self-segregated near the university, colonizing all the nicest areas on the lake shore, and east of Sheridan Road, while the other races are forced to stay west of Sheridan Road, in the dangerous areas. The blocks that don’t have a racial majority are some awkward, World Economic Foundation forced dystopian utopia, where no one speaks the same language as you on your block, your neighbors are strangers and share none of your values (except voting Democrat, always and forever), there’s little… Read more »