-- 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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Regardless of your politics you should give credit where credit is due. The Obama “Library’” will be a liberal mecca, generationg billions of tax dollars. In addition it will be a catalyst for the restoration of Woodlawn, South Shore, and the entire South Side, which will generate more. Illinois in property, sales, and other taxes.
If you genuinely want to fix the disc of the city, county, and state, you should wholeheartedly support the necessary investment.
I can’t get out of Illinois fast enough.
I can’t get the h’’l out of Illinois fast enough.
The whole thing is disgusting, we do not need an indoctrination disaster, it is not a library. This is Rahm’s deal he always had his nose up Obummers A$$
This whole thing is disgusting, he was the worst president ever to be in the Whitehouse, why in Gods name would and city to is in such low help in jobs allow this to be build. Obama is gone and building is a joke. Be smart people don’t let this happen, we want him gone.
got to love the hypocrisy of this guy. Tax and spend tax and spend.
The hubris of President Obama is breath taking. Monument are usually built after a famous person passes, and not while they are still young and active. Illinois is full of a bunch of tax mule suckers!
UGH…I don’t want to contribute a penny!
For $172M, I expect some recognition. Prominent signage proclaiming: This exit/overpass/pedway was made possible by the generous contributions of THE TAXPAYERS OF ILLINOIS
Unwilling taxpayers of Illinois. Not generous, not a contribution in the real sense.
It looks a lot like the metropolitan correctional center. Slits for windows. Burnham must be rolling in his grave.
Born here, lived here all my life, and I can’t leave Illinois fast enough. Mike Madigan, Rham, and John Cullerton can all go to hell, I’m going to Texas! (h/t Davy Crockett)
Propaganda Land.
A monument dedicated to community organizing and perpetuation of Chicago machine politics. The crazy train keeps right on rolling. Last one out turn out the lights.