-- 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
Maybe the hotels could start promoting how close they are to nearest Emergency Room.
That would be perfect, better yet turn the hospitals into hotels! All inclusive! You never need leave the property!
Perception. The average traveling American family doesn’t want to gamble his one vacation on what is perceived as a lawless free-for-all. I honestly think that family would be just fine vacationing here, but they don’t think so, and what they think is what truly matters.
What’s funny is that vacationing wokesters, who already live in the big cities, are more likely to vacation in Nashville or a resort town than another woke city.
Why would you come to city that might require you to wear a dirty face diaper or show proof of party loyalty by means of a pretend vaccine on any given week? No thanks, NY, Chi, LA et al can go die, the rest of the country is open for business and playing this fool’s game.
Tourism is up everywhere and resort-type destinations are booming, all at the expense of big cities, and especially so Chicago.
And rightfully so.