-- Connecting the dots between our economy, government and business --
Dan Proft, the radio host and critic of Dem politicians, confirms he has not bought or rented another home here since selling his Lake Point Tower condo. "Nor will I," he tells Crain's.
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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Just like John Kass moving to Indiana. Common sense kicks in. IL is hopeless
At least he put his money where his mouth is.