-- 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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What are the basic requirements of local government in the United States? Crime control? Yes. Public education? Yes. Affordable public transportation? Yes. Appropriate help for the homeless, poor and mentally ill? Yes. How are the Democrats doing on this basic set of government functions? Throw the bums out!
You forgot collect taxes, which Cook county is proving too incompetent to do.
The Dems do not need the votes from the typical person who rides Metra, so they do not care.
They would rather spend billions on the Red Line extension to Altgeld Gardens than on train lines to the Chicago suburbs or to DuPage or Lake counties.
Amen ya think they all received the message to get your house in order.