-- Connecting the dots between our economy, government and business --
Wirepoints President Ted Dabrowski appeared on WTTW’s Chicago Tonight to breakdown Chicago’s record $16.7 billion budget and what it means for Chicagoans. The federal money in the budget is set to leave Chicago with a bigger fiscal cliff when it dries up.
Wirepoints Pieces:
Summary and audio linked here.
If this bill passes, say goodbye to local control over all Illinois parks and expect to see open drug and alcohol use, needles, no sanitation and fire hazards, but no ordinary park users.
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.
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Audio and summary
Seriously does anyone actually believe that government funds will ever actually run out….
I find it interesting the Wirepoints is brought in to provide the counterpoint to an agency embedded in the government. Literally, you have to counter a research outfit (Government Finance Research Center) embedded in a school (College of Urban Planning and Public Affairs) in a public, taxpayer-funded university (UIC).
Do I find it amusing that Dr. Carroll leapfrogged Amanda Kass to be the Director of the Government Finance Research Center? Yes. Yes I do. My hope is that Carroll can put her biases aside in her research. Kass certainly wasn’t able to.