-- 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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With all the catastrophic stories of leaking water pipes and failed infrastructure, where’s the new water lines for Dolton, Robinsons, Harvey, etc……oh, sorry, forgot –those burbs aint growen
Journalism: Article fails to mention how three inland communities not bordering lake michgan will build a pipe to lake michigan!!!
They’re buying water from Chicago. HUGE MISTAKE!!!
“Lake Michigan water purchased from the City of Chicago was selected to achieve the vision of these municipalities of being leaders in providing sustainable, reliable, and high-quality water in an innovative, collaborative, fiscally responsible and efficient manner for their communities.
https://www.gpwc-il.org/