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.
This is pure gaslighting aka lying aka strawman arguments. No one denies that we have a lot here for business. No one. Businesses leave because the politicians are hell bent on destroying what good remains. They want out before its too late. Downtown Detroit is filled with empty occupied and blighted abandoned buildings. Someone or some business owned these trophy towers before they were abandoned to the ravages of time. That’s what is coming for Illinois. All of it. Except the farm land, Bill Gates will use it to grow and harvest insect based proteins …