-- 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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Chicago and democrats- Cannot keep screwing the citizens or out of towners-
They have had enough!
FYI: Lucrative conventions aren’t coming back.
Can you imagine the Auto Show returning and all the cars being carjacked or straight up stolen right at McCormick? I mean, bad for the manufacturers but would be great for new car sales.
Meanwhile Indianapolis has the highest hotel occupancy rate in America.
Yet another benefit of being open and not cowardly closed forever.
The liberal MSM trying to put lipstick on a pig. What a crock. The numbers below are supposed to be good?
“45% occupancy as of Friday, March 19 and 56% as of Saturday, March 20. But 20 hotels are still closed and hotels have not called back many laid off workers yet”
I feel for the workers. Good honest hardworking folk trying to make a living but denied by the official Government Workers party, whose salaries they pay.