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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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Come to visit, stay as a chalk outline on a sidewalk. What a slogan that would be.
Let’s add the obvious parenthetical: Chicago is among the best cities in the world to visit (if you ignore the muggings, shootings, and carjackings).
More hot air from out of touch “ influencers”. No wonder that they drop dead at an astonishing rate, probably from terminal delusion.
Did this ranking cover visiting only in broad daylight?
Or was it only for rich people with a security detail?
Maybe it was for illegal visitors without a passport.
LOL! Still another “AI – generated” Chicago “is a great city!” puff piece… even my friends from the suburbs and downstate don’t bother to visit downtown anymore, as it’s becoming a Turd World sh*thole… I enjoyed living there for many years (moving to Evanston ten years ago), and I’ll *never* step foot again in what was once a great city… PS: Is “Time Out” even still in publication, I remember TO was a “big deal” in the 90’s, especially when the “Chicago” edition was launched…
Visitors should take the CTA buses or trains at night and their heirs can fill out a survey on how well the experience was. CTA should provide mandatory life insurance policies included with the fares.