-- 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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Turn the McCormick Center into “migrant housing.”
So the two score or so gang/drug/thug shootings, half dozen murders, teenage carjackings and train robbery-n-assaults we read about having occurred in Chicago pretty much every weekend are a “perception of crime-ridden.” As in, “People read stuff and think Chicago’s not safe, but it really is.” Right, you bet…. And, let’s see, go to Vegas and pick from a half-dozen or so shows from entertainers whose name you recognize, while staying in hotels that actually have restaurants that are open and gaming in the lobby, or go to Chicago and Uber all over at big $’s to admire the skyline… Read more »
Many conventioneers will not come to the Chitty of Chicago for safety reasons. Cops do nothing to protect, so it is best not to go where it is dangerous.