-- 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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One of the biggest economic engines the City had. Destroyed.
These conventions aren’t coming back, ever.
And how much you want to bet McCormick Place will cling to its idiotically draconian union policies right up until the building implosion?
they got their 65 million dollar payday from the temporary hospital that a whopping 37 people used…
https://www.npr.org/2020/05/07/851712311/u-s-field-hospitals-stand-down-most-without-treating-any-covid-19-patients
37 people. Not even Mark Twain himself could have concocted the farce that is Illinois.
So much for Dictator for Life Jabba’s belief that visitors will flock to Chicago because the harsh lockdown rules prove its a bastion of safety