-- 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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Dollar to a donut the copper wire goes missing!
The Illinoisans read the headlines and cheer for all these new projects. Of course taxes will rise but that’s tomorrows problem not todays so lets cheer with happiness at all these new things brought to us by our wonderful politicians and when the taxes double we can get a headline at Wirepoints (Illinois logic on display)
Someone tell me quantum computing is more than just “fuzzy logic” from 40 years ago.
Now the CPS graduates will have a place to use all the skills they acquired.
What about a property tax break for the average homeowner???
Hey why not the state is flush in cash 🙂
Just keep digging.
Good project, bad location, doomed to fail at this site.