-- 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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http://pointsandfigures.com/2019/12/10/is-chicago-tech-on-a-downswing/
Madison is #1 tech hub in midwest, booming
That is untrue. They have a very small community there. It’s a good community, and I am not scoffing at it. But, it’s small, lacks money and a lot of infrastructure. Chicago is the biggest tech community in the Midwest. Follow the money and you will see there is more investment here than anywhere else. Chicago is underperforming, but there are reasons for that.