-- 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 government employees get overtime? and a chance to spike their pensions?
These are the things that count.
These big events that close streets and wall off the park actually end up keeping people away from the Loop — just ask Loop businesses that either had to close or saw their business disappear during NASCAR
BS CBS! I’ll tell you what, how about instead of 4 days of nearly a million kids descending on Chicago and its hotels, spending ungodly sums of money to do so, to see their favorite bands, NO ONE SHOW’S UP ON THOSE DAYS!? Analyze that revenue contrast. And on a side note, how about an in-depth analysis of the make-up of the crowd…and their civility.