-- 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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The Trib is such a rag, they’re so stupid, they have no idea that the dignitaries are mostly staying in Rosemont because of heightened security concerns. Nowhere is this mentioned in the article LOL. Chicago apparently has done little, if any, security planning outside of the convention zone so the party made a decision to safely house politicians and others in the suburbs, and they’ll all be taking 90 from O’Hare to the convention center. The DNC saw what happened in 2020 during the riots and no one wants a repeat of communist scum attacked sitting senators and other politicians… Read more »
Does that mean the Democrats won’t be helping us pay down the borrowing for the spaceship in Soldier Field and the building of Guaranteed Rate? I believe there are higher taxes on the hotel and restaurants near downtown to pay for those, plus McCormick Place.
I see a potential “reverse DEI” moment coming. The Democrat delegates get the shiny, clean, air-freshened buses. The citizens of Chicago, which includes minorities, get the urine stained, pot-smelling buses, during those weeks.
There are several significant charter bus companies in this state. They’re accustomed to taking delegates between hotels and convention facilities. Surely they can take a big part of the load.