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.
My prediction – The shine comes off the Loop soon. Many of the businesses in the Loop have been enablers of Chicago Democrats. There is no reason for LaSalle street to exist, or Wacker.
The shine is already off. There were crowds of 100’s of wildlings, or more, last night trying to resume looting again in the loop. It wasn’t even on the news at all – because that would be racist – but pictures were all over twitter. There were fights everywhere. State St. is still half boarded up. I was downtown a week or two ago for business. The buildings are all 3/4’s empty. No one wants to return to the office wearing a mask. The only people on the street were a odd assortment of bums, vagrants, and teens causing ruckus.… Read more »
This adds detail to what I’ve window-watched for several months now – gradual and near total devolution of the Loop area. Based on the voiding of the E.O., a decent mayor would announce complete immediate opening of everything, from stores to restaurants to the lakefront with no restrictions and there MIGHT be a chance. But NO way. She’s complicit in the takedown and actively working to keep regular people OUT –>
Let’s see if they bother or just save the effort and put it toward Plan B – exodus. Many states will welcome them low-hassle.