-- 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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Excuse me, Superintendent Brown. Now that LL has your back, which type of bus would you like to be thrown under? School bus or CTA?
Beware, Supt. Brown, when the mayor ‘has your back,’ the end of your tenure is nigh. Just ask your predecessors.
Keeping the citizens safe??? Does she read the news?
Hmmmm….Lori announces she backs all of her decisions since Brown makes none himself.