-- 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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I still think it looks like a Chinese food takeout container
Would that Obama’s monument to himself bankrupts him. Unfortunately, the taxpayers will be on the hook for its operation and maintenance. I don’t think his domestic partner will be very forthcoming with the money she has accrued.
Shows a democrat is a democrat. Will over pay for everything and just waste money
Eye watering numbers for eyeball abuse. How can it self sustain at those numbers?
They think it’s bad now, just wait till the abysmal attendance a few years after it’s “grand” opening.
Very soon the B. Hussein O Financial Group
will be in front of the “ Slab O Stone” , with
the begging bowls out, more money please may we have more.
And not a peep from mr “systemic community disinvestment” CTU/Brandon and crew…as Chicago once the epacenter of commerce, industry and transportation and the pursuit of the american dream has now been reduce to the capital carpetbagger equity hustle. A truly revolting monument to usery by any metric.