-- 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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When is Michigan Avenue going to be named after St. George Floyd?
More meaningless virtue-signaling, to placate who exactly? Spend $2.5 million on silly stuff, while Chicago follows Detroit’s path to bankruptcy.
I don’t think it’s meaningless virtue signaling. Renaming every street, landmark and monument is a necessary step to remake Chicago in the name of BIPOC and remove every antiquated vestige of the White majority that used to live here. Constantinople became Istanbul, and the Hagia Sophia was converted from a church to a mosque. If BIPOC can rename Chicago’s most identifiable street after BIPOC, nothing is sacred.
Lets not worry about the 56 shootings over the weekend! Are you kidding?
Chicago is lost