-- 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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55 storefronts who will not make enough to pay the real estate taxes. But do not worry, the new immigrants are going to buy houses and start paying taxes. They will get manufacturing jobs . Lots of those in il.
“Desperation is like stealing from the Mafia: you stand a good chance of attracting the wrong attention…”
Douglas Horton (American Protestant clergyman)
“Our mission this year and frankly next year is to accelerate the economic recovery of the Loop beyond the pandemic and beyond any crime issues downtown.”
What’s supposed to change for the better about crime downtown that would accelerate economic recovery?
Chicago Tries To Cover Up Vacant Storefronts With Tinsel And Lights