-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Loop Alliance has lied through their teeth about how awful the Loop has gotten, as reported by CWB Chicago “Loop promoter dismisses crime problem as robberies, carjackings, auto thefts, and shootings soar higher than pre-COVID years“
Come to Chicago and see the chalked outlines of murder victims on every street corner. See the blood stained street gutters. Have your photo taken at random memorials to recent victims. Now that’s gonna generate some business.
Fake tourism numbers — this is something that current Mayor Big-Dick learned from former mayor Crooked Rahm
60% of pre-pandemic levels? That is hardly anything to celebrate…
And that is fake, it looks like a ghost town to me.