-- 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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Like the state, they don’t care if what they pass is constitutional they can play court delay for years.
Oak Park’s ban was a big goal of arrogant know it all village trustee Susan Buchanan and her Oak Park Climate Action Network. Buchanan was also the driving force behind Oak Park forcing residents to bag leaves and/or incur higher costs rather than continue a decades long program of just pushing them onto the street for collection. This was also in the name of “sustainability”. And she’s the big thinker who pointed her finger at the white men on the board lecturing them about being white men who don’t know what a system of oppression is. She also told the… Read more »