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Chief Executive Officer Andy Gloor said that Chicago had some 60 cranes in the air in 2017 and 2018 when Rahm Emanuel was mayor. That dropped to an average 11 or 12 during the Lightfoot administration.
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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Soon the only cranes in Chicago will have a wrecking ball attached.
So this guy thinks Rahm was great for Chicago. Well just because he can make a few million bucks off this project doesn’t mean Rahm wasn’t a disaster for the City. How about the schools, Mr. Gloor and Rahm’s cave to everyone union in town, but especially the CTU? How about the decline of the CTA, METRA, etc., etc. How about the crime stats starting to creep up when Rahm fought for years with the police rank and file. And a quick check of your glowing comments about Lori when she came into office reveals just what a duplicitous self… Read more »
Rahm looks like George Washington compared to the communist filth the city just elected.
Johnson Appointed Despicable Race Baiter And Filthy Communist Cockroach, Carlos Ramirez-Rosa, As His Floor Leader And Zoning Chairman – Chicago Sun-Times — Developers Can Expect A Lot More Of The Slow Walking That Will Grind Projects To A Halt