-- 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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So who is it that is going to financially benefit (or lose) from all these “HIGH-RISES” that have been built on the lakefront for the past 10-20 years?
The bigger question of course is; Who the hell is going to pay for them!?
Until the feral predators leave for good, nothing will change. Lori and the black caucus have traded the economic tax base of Chicago’s shopping district downtown and the Mag mile for votes from the south and west sides. And watch Pritzker to run again by giving more stuff to the free s**t army permanent victim class. He already started with the discriminating methods of vaccines that stopped the white elderly from vaccination.
Yup women love their shopping, men not so much. Michigan Ave has no stores for Men besides overpriced clothing. No tools, no hobby shops, no building materials, no music stores, etc. Women you’re on your own bringing back Mich Ave.
Women sat on their couches all pandemic and ordered stuff from Amazon off their phone. Michigan Ave is toast.
Hobby shops don’t really exist anymore and no man who needs tools or building materials would go to the mag mile to get them. Way to congested for the contractor or DIY type. More convenient to go to west loop and use the Home Depot or a little further away for a Lowes or Menards.
“Last week, 624,000 people visited State Street. That’s about half of a normal week’s foot traffic this time last year, and pedestrian traffic was up on the Magnificent Mile.”
It’s the same 5,000 wildlings walking back and forth all day long, like predators looking for prey. It’s not 624,000 unique visitors.
As the number of potential victims on the street rises, the wildings will soon begin again in earnest. The pickings during the mayors lock downs have been pretty poor for criminals. I am sure that the increase in targets will produce increases of the involuntary contributions to robbers and thieves. Nothing is better than a target rich environment for those who seek to do evil. Until the downtown becomes safe again I won’t be joining the crowd of potential victims. When do I think the police, courts, and states attorney will bring that safety back? Probably not in my lifetime.
Good luck! HAHA
I would suggest targeting the BLM folks as the target market for the Mag Mile stores. They are clearly the future for retail shopping establishments in Downtown Chicago.