-- 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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Chicago is jostling? Define jostling. Is that synonymous with sticking a gun in your face?
Satya Nadella will send Bill Gates to negotiate the deal next week.
LOL
It takes Lori twelve seconds to list all of the reasons for techies to come to Chicago. She stutters for the first ten seconds, then burps. Show over.
For personal protection devices… For alchemy – creating debt out of nothing… For stupid – Gubnor JawBone Potato… It’s like fantasy island, only crappy.
The Chicago area burbs have a way better chance of attracting tech startups/ talent than Chicago
Chicago is not competing with coastal cities in the US for tech business, the City of Broad Shoulders competes with Kabul and Detroit.
Oh the false optimism that Chicago will be the next Silicon Valley lol.
Idiot techies will go to Chicago. The smart ones will go elsewhere.
Little Lori and her big dreams that are out of touch with reality. Being in Chicago raises the odds of being the victim of Negro violence, aka murder. Sell that Lori! Cultural enhancements!