-- 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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After years of Black Lives Matters Riots/Looting Arson, Violent Crime, And COVID Lockdowns, Michigan Avenue Is Done.
Exactly, this opinion piece fails to address any of the real reasons why Michigan Ave is DOA (and laughingly blames it on the perception of crime! Hahahaha). If the city can’t even address the real reasons you stated so evidently above, then there is no hope.
Shhhh! It’s a secret!
Bold initiatives, change, thinking outside the box, more “equity”, a more inclusive shopping experience and all the other BS word salad that they can muster up, without a single mention of CAUSE. The Mag Mile was doing just fine for 100 years; what changed?