-- 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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Hell i will donate $100.00 to the bears to leave that shi- hole Chicago!
Great, politicians who are fiscally responsible…..until the envelopes are handed over. Then it’s a wonderful opportunity to partner in a respectful and collaborative endeavor. It’ll be wonderful. Arlington Heights will be invaded by mongrels. I see a massive boondoggle. Why not a hyper loop from the southside. We’ll also need that third airport for all the tourists. To save money just remove the pottie chair insert and move it to the Heights Nay, just dismantle Soldier Field and move it! Saves the city the trouble of just dumping it in North Lawndale.