-- 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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Even when she’s strolling the Champs Elysee she’s thinking of ways to waste money!
Mike Ditka once said George Halas throws nickels around like man hole covers. Nothing has changed except a different Halas runs the Bears the organization didn`t spend $192,000,000 not to use it the BEARS are gone
The whole city is falling apart — and Lightfoot’s answer is to re-do the Museum Campus project — a project that was done in 1998? It’s kind of like when your untalented kid cuts a picture out of a magazine, glues on some macaroni and glitter, and calls it an original art project.
Lol… a perfect description of Lori’s “tenure”…