-- 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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I think the hotel occupancy numbers in Chicago are inflated like the covid numbers.
I flat out refuse to spend any money in or around Chicago.
Unicorn dust from the spawn of the Tribune. Why go stay in a hotel where if you leave your room you could be killed or have a mob descend on your family. Stay home it’s more cost effective and safer. The Democrats have destroyed Chicago. It’s fantasy to believe the good times are returning
Ewww. The hotels are full of bedbugs, rats, germs and bums. Ewww. 😵😯🤔
Tourists don’t want to get mugged and murdered too. 😢