-- 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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The Chicago broadcast and print media are worthless and woke. I prefer getting my local news from Patch. Big news comes from The UK. They usually publish stories before Chicago media will touch it, usually 5-7 days. Cowards!!
So suddenly CBS news finally notices that violent crime in the Central Business District has become a problem. But their news team is representative of a diverse Chicago.
Anarcho-Tyranny!
That section of State St was always a bit seedy with the run-down buildings waiting for new development and the Hubbard St bar traffic. It as gotten much worse since Lightfoot cheered for and encouraged the rioters. Now the vermin hang out at Illinois/State in the closed Cantina Loredo site. The homeless, drunks, addicts and their street thug vermin pals sleep behind the wall at the old cafe table area and harass pedestrians daytime and nighttime. Close proximity to the Grand St El station and their hovels on lower Kinzie/Wabash gives them more opportunity to ‘beg’, steal and harass the… Read more »