-- 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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The silliest part of this whole tribute is the idea to create a high quality golf course out of Jackson Park and South Shore golf courses. This can’t be done for less than $75/round green fees. It will be a waste. No one will drive through this area until the crime is eliminated!
Think about this for a second. If YOUR property is deemed “historic” by a city board, you will deal with much, much tighter restrictions on your property through landmark zoning. You want to add a different type of window, gutter etc? You better get approval and will most likely be denied–ON YOUR OWN HOUSE!
Now, the federal government/city are going to look the other way while a man destroys a listed historic public owned park. Liberty is becoming a myth.
He was a do nothing president and is a waste of space now.
An outhouse with a view of a septic field would be too much of a tribute for Bath House Barry