-- Connecting the dots between our economy, government and business --
God forbid that somebody tries to get their money's worth on construction costs.
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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These things are everywhere. In Lockport we have so few eateries that the building of an Arby’s was like the moon landing. That Arby’s is done and has had a constant long line of customers for two months running, they even run out of food regularly. They had a rat out front, a Buffalo Wild Wings is also going up now, they have a big inflatable rat too. When they built the culvers that had an inflated rat. They are badges of honor to me so I would join that church. This is also the reason Illinois can only build… Read more »