-- 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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Can’t wait until one works on a lower level of the building, goes to the company store a few levels up and then off to bed in an apartment a few levels above that. Self contained servitude, the way the overlords want it. Sick? Go to the company clinic on floor 20. Vacation? You don’t make enough to take one after buying the company store food and paying rent, and there’s nowhere to go anyway. The ferals took care of that when they burned everything down in their “ reimagining “ of America. Dead? If your surviving family members don’t… Read more »
I do not consider Bolingbrook nor Minooka as Chicago.
Kind of surprising of the growth but the Chicago, Gary, Milwaukee, Madison & Rockford region has over 10,000,000 people so an additional 70 warehouses is not out of the ordinary. Seems like a lot was built on spec though given the 9% vacancy rate. Moreover, this region has always been the center of distribution, from the stockyards, to commodity trading, to O’Hare to the railyards.
Walmart here in Belvidere is building a 1.2M sq ft distribution center and General Mills not far away on the bypass from the one Walmart is building a 1.3M sq. ft. warehouse. General Mills is also planning to add 500K sq ft. to their main operations. Stellantis will also reopen possibly investing up to $2B with consolidation of the Mopar division. Who knows what the tax incentives were but they seem to work for now. I’m sure the Chicago-Rockford airport has a lot to do with the growth as does close proximity to I-90 and I-39. All 3 locations are… Read more »
Drive north on 90/39 past Beloit towards Janesville. Massive construction projects everywhere going on. Get off the interstate and just west more big projects in progress. I believe that Wisconsin in drawing more businesses to that state than Illinois politicians refuse to acknowledge.