-- 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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No business owner in their right mind would have their business in this absolute sh*thole democrat city. They are moving to Republican run cities and states. Bye bye, so long Chicago, you’re done, its only a downward spiral from here. Keep your criminals since you love them so much and only cater to them. The communist marxist “GOD” complex moron convention will be hilarious to watch. All the police should quit right when all the dirtbag polticians and communists are there for the convention and let them fend them themselves. Would be a fun spectacle to watch.
CHICAGO BANKRUPTCY COMING BECAUSE OF LIGHTFOOT AN JOHNSON AN BLEEDING LIBERAL POLICYS
Chicago was once a destination of choice for the wealthy, the American-born, and the decent, law-abiding, family-minded type of individual.
Unfortunately, it no longer attracts any of those.
Agreed, now its the destination of criminals and stupid liberal women with purple hair that screech the leftist marxist communist talking points of stupidity and insanity
This is hardly news. We knew this would happen the minute Lori Lightfoot refused to round up the thugs rioting in the commercial center of her city. Next would be a poster child for DEI and non-prosecuting prosecutor Kim Foxx leaving the thug element out on the streets to rob businesses and their customers.
The commercial abandonment of the Loop will be followed by the residential units going next as the flight spreads from the city center outwards.
#RIPChicago
This will kill the entire region.
A growing glut of commercial space, particularly office space happening in the burbs too.
Detroit 2.0
I often wonder how much the booming Fulton Market is poaching from other areas of downtown.
The crack in the dyke will be Micky D’s moving out. Only a matter of when.
Not sure that will happen Lash, Micky D’s is as delusional and libtard as they come, the CEO is a complete pathetic cuck woke moron who welcomes the crime because of waycissssssssm. Micky D’s needs to go out of business because their food is trash poisoning the people. Micky D’s is kind of screwed though, the policies they pushed for, $20 an hour for a burger flipper is finally here and now their foot traffic is way down, and I haven’t eaten there for years. Its cheaper to go to a local sit down restaurant and have a better meal.… Read more »
Agreed Lash, and also when the Chicago Mercantile Exchange leaves, which they are strongly considering due to crime, the the entire Chicago dam will collapse. The CME Group exchanges, on average, handles over 3 billion in contacts worth about $1 quadrillion annually. So when this leaves, I think that may just do it in for Chicago, because a lot of the Chicago financial firms do their transacting with the CME locally.