-- 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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Here is another article on Obama’s missile silo or whatever it will be.
https://www.yahoo.com/news/obama-center-subcontractor-files-40m-011519969.html
Cracks in the concrete when the building is still under construction? Sounds like the concrete work is exactly what happens when you hire your buddies and not the best available. And WOW– if you have seen the structure or a recent picture of it– what a hideous eyesore.
Looks like a Mausoleum.
Sad to say the Obama Center well work out about as well as the King Center did in Atlanta.
Did anyone truly expect this to be on time and under budget in Cook County?
A real mess. In short a reflection of the Pharaohs rule.
What is the Pharaohs’ rule? Something like Divine Right of Kings?
The pyramids are doing OK but this sounds like a tomb for jimmy hoffa.