-- 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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I read the article, it’s laugh out loud hilarious. The surrounding area will be inundated with people spending money, chortle. Lori should think big!; strngthen and lengthen the runways at MDW. Think of all the potential cargo revenue and Caucasians that can be displaced! Think of all the people you can fight! Run a crooked taxiway through the Burke’s house. Jimp the Shark!
Just take a step back for a second and think about what transpired. Super-Predators are roaming the streets of Chicago attacking and assaulting innocent citizens on random Tuesday mornings while just going about their business. It’s gotten so bad, and so frequent, that the Mayor’s security detailed witnessed one of these attacks, and got into A GUN BATTLE IN THE MIDDLE OF A RESIDENTIAL STREET with these murderous thugs. These Super-Predators are shooting at police officers without no fear whatsoever. And they appear to have gotten away too. In any other city, at any other time, there would be a… Read more »
Chicago should be renamed Gotham Central Illinois.