-- 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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I don’t see anything in the article about Johnson’s mum.
Once again, suburbs speaking for the city. For those of us who actually ride the train, I would love to see a crackdown on smoking…
Horribly incompetent ‘mayor’.
That’s what happens when a large theft and graft organization is allowed to buy the mayor’s seat.
How to admit that you don’t have a clue what you’re doing now that you’ve hacked off the CPD and they are retired in droves before the DNC circus comes to town. Maybe get some social workers, “ peacekeepers”(ex- cons in vests) and “ funnin “ underserved to keep the peace. Kia boys drifting in circles around the UC will make for a great barrier.