-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
If the tourist are smart they will stay away.
Hopefully never. Chicago has proven itself unworthy of anyone’s money.
Stay out of the City of Chicago!
Bring your tourism to Iowa, Wisconsin, Missouri!
In some hotels you can check in online, open the room door with your smart phone, check out online, and thus there is not a requirement to visit the front desk or interact with staff.
As things stand now, depending on occupancy and length of stay, you may not see a sole during your hotel stay.
Obviously that will change as people begin traveling more.
We were planning a family vacation this summer, but paying good money to wear a mask in hot weather combined with the unknown impact of social distancing on all our activities (historical sites, museums, beaches, dining) has made us think twice. Guessing we will forego any such trip until next year. Guessing many families are doing the same.