-- 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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It will never be the same! Democrats screwed up a great thing!
Have fu Chicago
I predict a stampede of loyalists pouring into downtown to celebrate our diversity. The nonsense is never ending, unlike Chicago; it’s over!
I believe you are correct. I also believe the stampede will reverse itself when the loyalists are subject to the mostly peaceful, wilding attacks, broken glass, muggings and the always popular innocent victims of a drive by shootings. You won’t catch me coming back to chicago. I value my life too much.
Total lies by the state media controlled by the Chicago machine. The loop and mag mile is over. No one will be coming back to the loop until Lori and the black caucus stop the wildings, crime, carjackings and attacks. And they have no reason to stop the violence, by laying off the criminals, Lori and the machine get more votes.
Agreed, anyone who even drives downtown sees how terrible it is down. I’m never going back.