-- 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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Wage slaves needed to collect taxes
Hmmmmm…….We need people to serve the guests that won’t be staying at our hotel! Huh?
Anyone who is taking a leisure trip to Chicago is doing so with money they planned to spend BEFORE Dementia Joe and his Marxist Minions crashed the economy. That will come to an end soon.
Business travelers are smart enough to avoid Chicago and do business via Zoom.
As Loop crime gets worse by the week, hotels like the JW Marriott, the Palmer House, Hotel Felix, Hilton Suites, and Holiday Inn Express will continue to fail financially.