-- 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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Helmut Jahn wanted to be so avant garde with this building that his product was designed for failure. If you equate avant garde with weirdness, impracticality, impossible heating and cooling as well as wasted space he succeeded spectacularly. Tear it down, it is a horrible mistake.
Yea, the place is a dump! Let’s save it! Let Barack buy it and build his shrine downtown. Better yet just move the shrine right in! Everybody is happy?
This building is a perfect metaphor for the dysfunction of IL. Why would anyone want to save it?