-- 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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This would be a disaster for the restaurant scene in River North. Many used to go there for a special day / date, and pay a lot of money at a high end restaurant. It will no longer be a special experience if you have to encounter a bunch of illegal economic opportunists on the sidewalk. There are many very pleasant and safer opportunities available in the suburbs.
I, for one, would LOVE to see a few busloads of illegals dumped up here in Evanston… the woke imbeciles that infest and rule this town would surely be “put to the test”, lol… Evanston has already given the downtown area over to homeless criminal vagrants via their “partnership” with the corrupt outfit Connections for the Homeless “non – profit”, giving the okay for spending many millions on shelters and “homeless services” that are destroying what was once a nice place…