-- 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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All of Chicago has gotten more dangerous. The streets, the expressways, the hotels, the neighborhoods, the loop, the subway. It’s not confined to just one area.
Chicago is dead to me. I don’t ever plan on going there again for leisure or recreation.
We call um the ‘SHOOTER SHUTDOWNS’ in are household…of course the press wouldn’t want to elaborate on whos doing the shooten, because would be systemically racist?