-- 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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Wow, just living in Chicago is a gamble…
Suburbanites won’t come unless there is free parking, such as at suburban casinos. Where will that be? If none, this temp casino will be living off mostly city residents only in the winter months.
Eric Carter, a partnership! Spreading the blame before it’s even opened! It’s everybody’s fault! Bally’s is only concerned about one thing and it’s not safety or a positive experience! It’s $$$, only.