-- 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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“But financial difficulties are delaying the full reopening until March 22”
But but but the State of Illinois just received a $7.5 billion bailout for the state budget from the taxpayer.
Where is this money going?
Let me give some direction, to all those who belong to the Official Governments Worker Party, Freddie’s friends, union workers and special interests and not forgetting all “equity” projects maybe?
Downtown Chicago will never come back as it once was, no matter who much MSM lie. Never, sadly.
Adler is an obsolete projector device, typical 1920’s design. Computerized augmented reality programs can do much better. The building should be converted into something useful.
Total garbage attraction. Not worth anything. Close it.
Good stay closed for ever! No one cares
Adler needs to shut-down, and revamp its mission to something more PC. Astronomy is out.
“Trust the science”