-- 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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Get out of Chicago!
It’s the best thing in the world to put the Bears in Arl. Hts. Parking isn’t that big of a problem, if they put a large parking garage like Rosemont, and they have the metra parking lot, the court house parking lot across the street they can use (county would LOVE the extra revenue), and that large parking lot across the street for the sports complex, and those office buildings, all of which would LOVE to have a share of the $25 parking 8x – 10x a year on Sunday afternoons during the winter. Worst case scenario, people can park… Read more »