-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
More supply…yeah. What’s the deflection going to be when the next report comes out showing more and more available space lacking tenants?
The Chicago Mediots will probably blame President Trump.
At this point — in the 4th year of the work from home shift — anyone who hasn’t gone back to the office is NEVER going back
Oh, I don’t know, looking back, maybe shutting down office buildings for 15 months (longer than state any for 1,000 miles in any direction), and encouraging criminality to fill the void, was a REALLY REALLY BAD IDEA. Who would have guessed? Every Democrat politician in the US was rewarded for their monumentally stupid policy choices, so who knows.