-- 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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He did the Bears a favor. He could have waited until it was too late for them to change course.
Interesting take from Jeffrey Carter https://jeffreycarter.substack.com/p/crook-county?utm_source=substack&utm_medium=email
Thank to crooked Kaegi and the greedy failing school districts, the Bears will invest in DuPage County instead.
I bet it would be popular in Sarasota too.
Puff, puff, puff. Never was going to happen because of simple economics that any developer understands, an unpopular team and aloof owners, and local public officials who have stars in their eyes.