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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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A 40 member board? Sounds like a slush fund for BJ’s leftist friends.
This committee probably has provided Johnson with recommendations…recommendations that are beyond his comprehension.
A delusional editorial from the Democrat Socialists at the Sun Times. “A weakened downtown costs us all”. Missing the fact that the Sun Time’s “us” does not include the ruling Dem leaders. Their grift and corruption marches on regardless of the downtown’s health. They would much rather rule over a Chicago wasteland with no opposition than a successful Chicago with an organized opposition. But the biggest delusion in the editorial is what’s not mentioned, the classic “dog that didn’t bark”: CRIME People with money don’t go to the Loop or the former Magnificent Mile simply because they value their lives.… Read more »
Fulton market also seems to attract a very niche demographic of middle aged high income earning professionals, often in their second act at life, sometimes recently divorced, or unattached, or maybe even recently married aka the Sex in the City crowd. Its amazing the number of people I’ve know in life that get divorced and then move some neighborhood immediately west of the loop. It’s not everyone of course but it’s in no way representative of even a tiny minority of the city’s population.
Totally agree. I’ve seen this first hand. Fulton is an adult playground for them.
Simply put: Few people want to go downtown, for any reason, unless they are forced to do so.
Yet another tourist shot in Chicago, probably should list Chicago as an assisted suicide sanctuary.
Second City Cop reported on it.
The unfortunate truth is that it is going to get worse before it (if ever)) gets better. The transportation to get to downtown is dirty and unsafe. Once down there it is not safe and many businesses that were once there are now gone. It is becoming a downtown ghost town. If you drive there you get gouged by parking fees.
As usual, Sun Times reporters are late to the party. Chicago already has a distressed (and dying) central business district encouraged and supported by the reporters of the Sun Times itself. Chicago’s major papers target a 4th grade reading level and now find that level is a bit too high for local graduates.
Yep, the title of that editorial might’ve made sense several years ago. It’s as if they keep some of these reporters out of society for years, then free them to report on conditions in Chicago and Illinois. Such reporters need to be updated on what’s been happening in the last several years before they’re allowed to write editorials.