-- 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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I checked hotwire that weekend, prices extremely low. 4 – 4.5 star hotels downtown cheaper than 2 – 3 star ones in the suburbs.
“NASCAR did not disclose ticket sales for the street race weekend.”
Gee, and why would that be?
Hotel rooms filled with illegal aliens and those rooms paid for with taxpayer dollars don’t count. The real room rental rate is half of the number the city flaunts
Modestly solid; sounds like a stool!
If they’d said that it ‘mostly’ feathered everyone’s nests, we could have called it a turkey.
Faked numbers — hotel occupancy was nowhere near 79 pct. Business travel is non-existent. NASCAR attendance was a joke. Another faked news item from the morons in charge of promoting tourism — the ones who gave is this turd of an ad spot
https://www.adsoftheworld.com/campaigns/chicago-not-in-chicago