-- 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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Hmm, let’s have illegals earn their keep. Give em a shovel. Think of it as job training for construction work.
This guy and his ideas are…….. useless
Whats the point in shoveling sidewalks that the city can’t even maintain or replace? The sidewalks are in disastrous shape in my neighborhood and throughout the city. I’ve call for years with no response through crazy ONE day a year city gives residence to request sidewalk replacement as well as request thru aldermans office. For all the crazy prop taxes I pay one would thick I could get decent sidewalks, potholes fixed, etc….but like everything else the city is stuck using Streets and San crews to do this work at astronomical cost vrs subcontracting out these services
Here’s link to cities nutty “shared cost” sidewalk replacement program where you have ONE day in the year to request sidewalk replacement. I’ve called for years and it’s always full. (https://www.chicago.gov/city/en/depts/cdot/provdrs/street/svcs/shared_cost_sidewalkprogram.html)
OMG!!!,,,,the cities going to have Streets & San guys making +$100gs w insane bennies shoveling sidewalks??…only in Chicago….!!$$$$EQUITY$$$$!!