-- 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 destruction of of Chicago “white privilege” downtown and Magnificent Mile by Mayor Brandon Johnson and company continues! I wonder what they will do when it is a smouldering ruin with no one left to tax?
Their ultimate goal, once some of the best, yet oppressive, architecture in the world is torn down- Section 8 housing supported by the taxpayers of IL.
You can use google maps or watch a youtube video of what downtown Harare, Zimbabwe used to look like and what it looks like today. That’s exactly where this is headed. There’s no ‘turnout’ only blight and destruction as those building owners seek to cut their losses.