-- 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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Lol, the Trib raise’s their pitchfork! “somebody should do something!”
Sorry Trib, City Hall is not taking wake up calls at this time, and for the next 100 years.
Wake up call? Simply, what that means is the low-info folks who run this state and city will offer TAX BREAKS to incentivize business to move here…
To which I respond, how has giving away freebies worked thus far?
It
s to late Chicago is on the fast track to become the next Detroit Bankruptcy is on the Horizon only slowed a bit by the federal bailout passed last year Lightfoot Foxx Preckwinkle are all known Marxist whos only intent is strictly EQUITYSuddenly, the Tribune discovers that crime in the central business district is chasing profitable businesses out of Chicago. Didn’t the paper abandon Tribune Tower on Michigan Ave. years ago?
Nothing, let me repeat, nothing gets City Hall’s attention, except perhaps a juicy campaign contribution.
The people running this country, state, county, city lack self-awareness and accept no responsibility … Trump did it, Putin did it, Rauner did it, Republicans did it, systemic racism, equity, White supremacy, etc.
Vote the bums out!
Chicago is a gift to Republicans. Anytime I hear a bleeding heart liberal complain about conservatives, I ask them to explain the disaster that is Chicago. It has been run exclusively by Democrat super majorities for over 70 years, and yet it is heavily segregated, extremely violent, poorly educated and fiscally insolvent. Well done liberals!
What are you talking about? Chicago is MAGA Country! LOL
It sure is Debtsor just listen to Juicee Smollett