-- 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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The Bears stadium ‘Hunger Games’ are alive and well. Chicago keeps talking about the need to fund Johnson’s and the CTU’s programs, while wanting to talk TIF’s with the Bears and White Sox now. I will not hold my breathe on anything. Could be another 10 years is my guess.
It’s getting to the point where a lot of working people don’t really care whether these overpaid crybabies play their overpriced game or not. Frankly, I’m tired of professional sports athletes spouting off about injustice while getting paid millions to play kids games, get in fights at strip bars, the occasional drug bust/ felonious assault / fatal car crash and promoting a “ me, me, me “ attitude.
In the currently depressed state of mediocre or worse Chicago pro sports teams, I find it easier not to watch most games either on TV or in person. I save time and money, and will live a longer and better life if I don’t get killed or mugged.
So it looks like the greedy school districts doomed the Arlington Heights location after all.
Next up, let’s see if the increasing amount of liberals in the NW suburbs clamor for a “Biden Heights” to be built on the site for all the illegals that they support pouring into the country.
Very true, those suburban school districts have some of the highest salaries in the nation, the $$$ gotta come from somewhere.