-- Connecting the dots between our economy, government and business --
In the past few months, efforts to slow rapid change in several of the city's gentrification hot spots have all moved forward, so developers are pulling back.
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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Let’s continue to pander those who refuse to work, have bs jobs like fast food, waiters, waitresses, artists, musicians, actors, and community activists. It’s absolutely out of control in this city of socialism and a mayor who panders to criminals and domestic terrorists. Let the developers and businesses all leave.
How wonderful that the tenements are being saved from improvements!