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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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Wttw and Quinn Meyers are both Lori sycophants who take dictation from her junior college incompetent grads who write her press releases. Chicago is finished and covid has a part but the real problem is Loris pandering and enabling her darling feral predators and their carjackings, robberies and wildings. She has to go now.
Oh, and by the way, don’t forget to pay your tribute, er uhmmm, I mean your taxes!
No, the Loop is out
This story is fake news. The loop is practically dead. Chew on this, WP readers: the McDonalds across from the Daley Center is closed. Boarded up, sign taken down, no traffic. I’ve never seen a McDonalds in the loop close, but this one did. Half of stores on downtown streets are empty, vacant, boarded up, papered over, or have slow traffic. The pedestrian traffic is mostly just a handful of necessary support staff, hardcore financial/lawyer/consultant types working 60+ hours a week, residents and, of course, vagrants and wildlings. The downtown legal market is dead now too. Nobody wants to return… Read more »
It’s indeed a lousy story. Far more to it than the one side. I would save the “fake news” label, however, for the very worst.
You are not wrong at all. I don’t think any part of Chicago is ever coming back. I’m waiting for more major conventions to relocate from McCormick place and for high dollar and revenue generating events such as Lolla, etc. to all leave the city. Lori has absolutely decimated the city. On another note, I live on the Northside (but am hardly in IL at all anymore) and last weekend decided to drive down Michigan Ave. and around the loop for the FIRST TIME since last Spring… I now understand the word “Dystopia”. Mild weather, perfect evening to stroll around.… Read more »
Conventions are gone, long gone. They aren’t coming back. McCormick Place is tied into these expensive long term union contracts that jack up the prices. In the past, shows were at McCormick because of continuity and convenience of doing it there in past. But now, this is a real reset, and the organizer most assuredly are looking elsewhere. It’s only a matter of time before we start hearing stories of conventions leaving Chicago all together and scheduling shows in cities and state more relatively open.