-- 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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Anyone believing any of this is really too stupid to vote
Words just don’t mean what they used to anymore. I think we all knew what “stability” meant after centuries of use of the word. But what does it mean now? I guess the new substitute for Webster’s Dictionary is “Lori’s Dictionary”. And the media just lets it go by.
Just in time for the election!
I can walk down north Ave. and count as many closed shops as open. Every day I read about another long time bar, restaurant, store closing for good. Over 60% of the Loop’s office space is vacant. The L trains are empty except for bums. I’m supposed to believe the woke mafia managed to turn Chicago’s finances around in 2 years? I expect this kind of BS from JB or MSM but Crains was supposed to be a business magazine. Even for them this is a new level of propaganda peddling.
It’s a side effect of legalizing pot.