-- 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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Some say you can receive $50K for an Edison Park (Chicago) house. ?
You are truly an idiot.
Not the smartest Reply, TB. For those of us on the “outside”, we don’t know whether you’re stating that $50k for an Edison Park house is way too low or high. Thus your verbal slamming of Eddie is quite foolish.
is this really from the onion cause everything chicago is dead going forward thank mr lightfoot
The Chicago real estate is as good as it will ever be
WOW……talk about wishful thinking !!
Corollary: What drug is the writer Dave Roeder on?
My thought exactly while reading the article. I guess it is possible that the “woke” liberals are so deluded that they learn nothing from the events of this year. I think people “virtue signal” in public, but make different choices in private where their personal lives are affected. Exhibit A- elites sending their own kids to private schools.
“Deluded” is the nice way to state it. Nothing in the article about people wanting to leave the city for many reasons, not the least is the violent crime rate. Is it on purpose that it’s difficult or impossible to find the number for annual GUN SHOOTINGS each year? Yes you can find homicide/death total, but SHOOTINGS much be 10 times higher……..can’t find it !