-- 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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Well I’ll settle for destroying Chicago urban civilization.
See today’s CWB post on the Boys Town smoke shop. Why anybody considers to open a business in Chicago is the 8th Wonder of the World.
Boystown has been a danger pit for many years now. “Outsiders” come in to prey on the residents and businesses, and also to sell drugs to the partygoers at the bars… Look at the huge mess on Gay Pride weekends, it’s been a zoo for years now..
Not destroying civilization but certainly destroying the desire to live in crowded urban areas. Despite a nationwide housing price decline, many Chicago suburbs are booming, which is a situation unique to Chicago and the suburbs. My elementary school attendance boundaries has 1 single family home for sale. Only 1 home for sale. Sorry progressives with school aged children in Logan Sq, you can’t move here to wreck my school district too. There’s no homes for sale!!! In other school attendance boundaries, there are a handful for sale, but only those asking for seven figures and above, which is always a… Read more »