-- 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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Nobody goes downtown anymore anyway, so at least they won’t hit anyone. Would be interesting to see a high speed carjacking attempt though.
Yeah, right … what an absolutely STUPID idea: NASCAR racing in the middle of a metropolitan area. Summer is short and now a chunk of the city will be out-of-bounds for citizens while NASCAR sets up, races, and breaks down.
Great idea, Lori.
In 2023 I expect to see a car race of sorts to see who can drive out of Chicago, Cook County and Illinois the fastest.
Just leave any Democratic Party voting habits at the border. You’re gonna be viewed as a refugee in your new red state home — not a missionary.