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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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That’s 17 hours of counsel!!! WTF . What do the LAWYERS on PIGSTERS PAYROLL DO ???
Yep. Just like it was a coincidence that King Richard II got a job with the law firm involved in the parking meter deal after he left office. What? What? Nuthin’ to see here!
JB must be thinking this Bears thing isn’t as easy as he thought. Indiana is proposing paying for the Bears stadium and allowing the Bears to repay the cost over time, after which they would own it. So the Bears have little upfront costs of construction and no cost for infrastructure, which will be paid for by Indiana. The Bears will have alot of extra money better served to pay players than the grifters in Illinois. Good Luck to JB. He will have to make alot of concessions to get them to stay. And not sure taxpayers want to foot… Read more »
Local sports teams usually bring people together and give a city something to feel proud about. Take a moment to really think about this and let it sink in. The Democrats who run things in Springfield show almost no pride in Illinois or its residents. In fact, they often seem to dislike the state and many of the people who live here. This is not just me exaggerating for effect. It comes straight from what they have said and done in public. These Springfield politicians have repeatedly criticized former President Trump and the voters who backed him, who represent roughly… Read more »
What difference does it make if the Bears play in Arlington Park or Gary? Both have rail service from downtown and are about the same drive time. The vast majority of fans watch on TV. Stadiums are a waste of money. $4 billion for a building that has 10–11 games per season?
The stadium cost is 2 BILLION which the Bears are paying. They want help with the infrastructure for the hotels , stores and other buildings . With the Domed Stadium you would get concerts, basketball tournaments maybe a Super Bowl besides other venues .