-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Lake DuSable drive
What a totally dorky name. Either do DuSable Drive, or Lake Shore Drive. Such idiots, these pandering people.
It doesn’t matter what it’s called, this just a dog whistle excercise. Everyone will continue to refer to the roadway as Lake Shore. Life will go on.
Stop the pandering to the permanent victim class. Any aldermen who votes to change the name is a racist. This nonsense must stop. The next street renamed will be for St. George Floyd.
Naughty. You said alderMAN. 😉