-- 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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Chicago is Detroit.
Chicago is dead.
It’s taken a very long time, but people outside of the North Shore are finally discovering how unlivable Chicago is. It’s not nice, it’s not fun, it’s expensive, and more crime ridden than ever now. You can have it, all of it.
Through it all, private sector business has adapted to the change but public entities, CPS, IDES, USPS etc. have failed miserably. People’s eyes are being opened to the waste and hypocrisy of our politicians. There is some hope.
It’s unbelievable what we are witnessing. Chicago is chasing the Covid mandate while Biden coughs in peoples faces and wipes spit on them while maskless. Lori people aren’t blind. Crime is the biggest threat and you’re chasing litterbugs! Fool!
Its over, all over the world. Ordinary folks like us have experienced a better life during the pandemic. We will never go back to be treated like cattle. We will never be forced to do anything anymore. Working in Chicago downtown? Got to be kidding. Folks like me will just quit. Life is too short.
Ok WGN got some news for ya since you’re into the whole Covid propaganda spreading yourselves… Covid is no longer the “thing” keeping the skyscrapers empty. The ” “great reset” is keeping them empty. People are told “stay home”, “wear a mask”, “put this needle in your veins”. This is the psychological manipulation keeping workers at home. Then there is the big factual aspect, crime, defunded police, fetal police, etc. Then there is the enabling force keeping folks out of the offices, namely reliable VPN networking and video conferencing and high speed connections in homes. Lastly, and this is the… Read more »
“People like it this way, they don’t have to commute at their own expense, they have a full 40 hours of their lives back a month not commuting.”
Not to mention money saved not paying for gasoline, tolls, parking, or Metra and/or CTA tickets.
Very nice summation, thank you.
We are nothing more than cattle to them. When they ask, “are people ever going back to the office?”, what they’re really asking is “when can we go back to taking away 2-3 hours of a commuter’s day?”
What’s the counter-offer from the city? Are they going to drop the extra sales taxes charged downtown? Increased police presence? The city used to bank on their centralized location and public transportation as “commuter benefits”. That’s not the case anymore. So up the ante, Chicago. I’m no different than all the other groups expecting a freebie. Pay up.
Not 1 mention of crime. They act like it’s just Covid related. Covid and Delta variant are the least of Chicago’s problems. It’s a crime mecca for criminals. Chicago is now a tourist destination for criminals to come and loot, car jack, dealing, stealing, murdering, ect.
Can’t have free-roaming gangs of street-criminals seeking downtown victims, and expect said “victim pool” to be eager to return to those “hunting grounds”. If City Hall can’t secure downtown, then City Hall must face inevitable backlash response of fewer downtown workers and higher retail, office, hotel, and residential vacancy rates. Oh, and eager college-grad junior execs, who can afford downtown apartment rentals, alone won’t stabilize the downtown residential rental and condo market. Too many “ghost condos” at present, their owners knowing it’s near-impossible to sell a downtown condo without a fire-sale price attached to it. Some market-times are exceeding a… Read more »
Don’t link to WGN, their site takes forever to load.
Downtown is not coming back the way it was-
Lori and her team had made sure of that! Crime, taxes, $40.00 to park a car, the lists goes on and on.
People have had enough!
Who wants to commute downtown anymore? I sure don’t!