-- 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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Folks, Detroit has beat you to it. A new program called Water Residential Assistance Program (WRAP for short) has been instituted. 100,000 households pay only $18 per month for H2O!
You can be sure if this becomes law in Chicago that anyone who reads this blog will be paying their water bill + the water bill of “the community.”
Here’s a trivia question. How many City of Detroit policies can Chicago adopt before it becomes West Detroit
Chicago Will Let Deadbeats Slide On Their Water Bill — They’ll Just Raise YOUR Rates Instead
Free water!
Dasani-Perrier or Tap? No charge for tap.
Nestle en route