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.
It’s amazing any company would open a business in Chicago, with a socialist mayor/city council, business hostile regulations, taxes, and harassment from protesters opposed to any business in their neighborhood.
Its amazon, they don’t care where they operate.