-- 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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So sad. OP used to be a nicer place in the 1980s.
Yes OP is such a nice welcoming place. I remember in the 80’s my brother dated a girl who lived in OP. My brother was a good kid but her parents didn’t like him because he was Italian and from Elmwood Park. Maybe they were naive and didn’t realize that all Italians were not in the MOB.
Trust me when I tell you that I personally know plenty of eye-talians from Elmwood Park. They weren’t wrong to be suspicious of your brother until he proved himself otherwise.
I grew up there, have to agree.
Lots of available room in all those Frank Lloyd Wright homes. Oak Park voters, open your mansions!
Liberals talk out both sides of their mouths. My mansion? Um, it has no toilets!