-- 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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Plenty of crimes, but no arrests
All the protesters appear now to be 90% logan square /mostly white /20 something /suburban transplant/ hippster types….those are guilt ridden “good protersters” –lori, prekwinkle, jb, ctu, seiu, madigan and the machine ,etc desperately need to retake wh & senate and secure fed bailout for our legalize looter $6 figure public sector heros. While hoping beyond hope they re-populate Englwood & beyond as they are in w pilsen (was there yesterday w son–wall to wall hipsters) and dont complain about paying $8+ in prop tax on a 1000 sf bungalow in englwood. While peddling poor black folks as stage prop… Read more »