-- 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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In Pontiac, Michigan they had to tear down the SilverDome first. Then they built an Amazon facility. It took about 15 years so hold on West siders.
Maybe they’re complaining because they were looking forward to all the packages they could steal, lol…
Wow, Amazon must be getten some big time tax breaks to put up locating in Chicago!! They haven’t even opened