-- 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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“Taking it in stride” ???? Is NPR jiving again?! No one who chooses (or chose) to live downtown likes a Dead Downtown. Sorry can’t spin that with a Kitchen Aid.
A couple months while it was still cold…manageable. But summer activities, festivals, lakefront, parks, people, theatre/movies, popular bars and restaurants, the Taste, Blues Fest, etc. etc. etc. NOT going on?? Gimme a reality break.
LL is the underworld spawn who wrought this and back there she needs to return.