-- 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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Reilly is a campaign contribution hustler who spends too much time at the boss bar instead of taking care of his constituents. He wants to be mayor and must be stopped.
Tax and spend all you want. I am never coming back to the Mag Mile. It is just too dangerous with unprovoked attacks, carjackings, and group muggings. I have safer places where I can shop safley, have a meal safely and walk on the sidewalk without the ever present threat of bodily harm. The risk is not justified by the ever decreasing rewards.