-- 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 only thing the people on the south side were for Obama was a stepping stone. People in this area better wake up and smell the coffee. Obama has more in common with the women in the “Sex in the City” movie series than he does with any south side residents.
It’s telling, one would think for ultra progressive CTU/Brandon and his crew securing Obama center “community benefits” ordinance before dem convention would be #1 priority but instead ordinance is on hold?
When an entity/business builds something new or brings “added value” to these distreseed ghetto nabes, it’s called “gentrification”… but when businesses and other entities of worth flee these nabes for greener pastures”, it’s called “disinvestment”… I guess these concepts “confuse” the ghetto dwellers…
WHAT DID O EVER DO FOR CHICAGO……….NO LIBRARY!!!!
“Gentrification” of South Shore seems unlikely now, given its neighborhood crime statistics.
What? Objection to an edifice being built to honor the Pharaoh?