-- 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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Everyone should have to send their teenage daughter on the CTA as a sacrifice to the Chicago crime gods.
Stabbed awaiting a train in broad daylight on Thanksgiving. Crime is down.
Gun free zone for the law- abiding citizens, soft targets for the armed criminals. Tough spot to be in if you have to ride public transportation. I’d rather be judged 12 than carried by 6.