-- 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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This whole thing is absolutely incomprehensible!
Why, in the devils own holy name, would anyone stay out of downtown chicago on Friday or any other day of the week!?
Lori should implement an incentive for people to come downtown on Fridays. Free weed and booze, expensive bourbon for adults and cheap beer for children.
Legalize prostitution and make Rush St. a red light district. Illegal immigrants get jobs, degenerates get what they want too. It’s a win-win
The Democrats are the pederast party, they love children!
Shortly after the pandemic hit I said office buildings will become obsolete, the trajectory towards that end continues, it won’t turn back. If your job is performed using a computer, there is no need to be present anywhere except online, living wherever you wish.
Lori should meet with the top business leaders. Demand employees work in the office on Fridays. Go ahead Lori show some balls for once.
Until the area is made safe there will be no improvement. The simple and only solution is to arrest the bad guys, prosecute and convict the bad guys, and incarcerate the bad guys. Four or five years of this simple program might make the area usable again. Otherwise, it will continue the decline to an empty criminal controlled wasteland.
Thr more pressing question is what will Chicago do with dozens of vacant office buildings….
Well for one thing removing the toilets will dramatically drop the tax assessments…
Luxury condos that are free for teachers! It can be their reward for not working during COVID and setting our children back years
In my few ventures downtown recently, Chicago looks like a stage set for some post – apocalyptic disaster flick, like the old 1959 NYC – set “The World, The Flesh, And The Devil”, the more recent “I Am Legend”, or the TV documentary series “Life After People”… e.g. “WHERE IS EVERYBODY!?”.
Watch the Omega Man with Charlton Heston.
And soon “Soylent Green”
Not so far off, as Chicago’s already Sin City.
If you visit the Loop on a weekday these days, you would swear you were in Englewood –nobody you see looks like they are there for a job or for any good purpose at all
It is definitely a “Zombieville” vibe…