-- 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 damage done to downtown stores and restaurants was not done by covid but by the irrational fear and illegal subsequent lockdowns ordered by Pritzker and his minions.
The Trib is as complicit in the downfall of Chicago as Lori. Always siding with the mayor, regardless!
Eat it Tribune. You can’t write a feel a good piece about the importance of bringing workers back to the Loop when you were completely complicit in the fake pandemic and lockdowns. You are the reason the Loop is dead and in short time your fake news organization will be too.