-- 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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Do those historic limestone houses matter when several thugs jump out of a car and proceed to rob and pistol whip you? I don’t think so.
This just in, NBC Chicago has been voted “Worst news source in the world” by everyone. NBC Chicago narrowly beat out CBS Chicago and ABC Chicago when it regurgitated yet another silly story.
Logan was cool like 15 year ago.
“Best neighborhoods in the world according to neurotic hipsters…”
Has anything peeked as **badly** as internet – inspired neighborhood hipsterdom?