-- 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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Won’t NASDAQ be racing in Chicago? Seems like a mixed message of who you can see race.
Right. We don’t want a stock market index racing around Chicago.
Hilarious! Didn’t State Rep LaShawn get his garage torched. Being a spectator is a felony! This takes absurd to a new level!
How concerned do you think these racers and spectators are going to be when they know full well that accused murders walk in Cook County? And that attacking police is tolerated in Chicago?
Until there’s a serious crack down on crime we can only expect more of the same.