-- 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 — Lenora Dennis not only witnessed the attack of a couple on Wabash Avenue Saturday night, she stepped in to help. “They were going to kill that young man,” she said. “They were stomping his head into the concrete.” Dennis ran across Wabash and said she yelled and cursed at the teenagers who were hitting and robbing the couple. She was relieved to see a police car approach but said officers, faced with multiple reports of violent acts downtown, didn’t stop. “I literally stepped in front of a squad car and motioned them over to see this was an assault on… Read more »
The new mayor will solve all problems with D.I.E. programs wait and see
Crime is down if you listen to the Politicians. Ken Griffen (and many others) warned the Chitty about this major problem, and they ignored him. Soon the only businesses left will be involved in crime. Texas and Florida are welcoming all the new companies.
Hey business owner, did you ever hear about Detroit?
The city of Detroit, Michigan, filed for Chapter 9 bankruptcy on July 18, 2013. It was the largest municipal bankruptcy filing in U.S. history. Plus, crime in Detroit was/is out of control. That’s where Chicago is headed, at full speed.
I have been watching some of these Detroit Youtube vids, they are oddly “mesmerizing” – this guy just drives down Detroit streets, filming. It’s like seeing an “alien” landscape… even Berlin in 1945 didn’t look this bad: I Drove Through The Worst Parts of Detroit. This Is What I Saw. https://www.youtube.com/watch?v=8oYIpjtHdp0 “At this point, we were 4 miles from downtown. For perspective you can see on this map where we were. The homes here were in pretty bad shape, but like what we had seen in Flint about two hours earlier, in many of these downtrodded neighborhoods, people were not… Read more »