-- 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
Saturday’s 10 AM shootings of three gangbangers in a Mag Mile public garage demonstrate desperate condition of Chicago downtown environment. Wow, it’s no longer safe to shop the Mag Mile shops – plain and simple, a tourist or a shopper has a reasonable expectation to witness, or worse, be directly impacted, by these frequent outbursts of street-crime gang activity. News of these shootings, nightly wildings in Loop, shootings and knifings and general ruckus in downtown areas, are duly noted in national and international news. Tourism and convention-related industries are likely to be severely impacted for several years, and may never… Read more »
No one wants to admit that the solution requires harassing, arresting & prosecuting large numbers of Black youths causing mayhem downtown. Everyone knows this but after a summer of BLM riots no one has any intention of doing it. And Chicago burns.
It’s looking like whichever one of the chosen (Lightfoot, Fox or Perpwinkle) becomes the next Mayor, Chicago will be the loser. Voting matters, sure it does. Really. Everyday, the puppet masters behind the curtain of Oz are regaling in their own hubris.