-- 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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This is pitifully weak. Community involvement? It’s your spawn and your community destroying your neighborhood. Revitalization? Go see Lori, she’ll give you a bag of cash to shut up.
The decline of North Michigan Avenue gets a lot of press, but several neighborhoods like the one highlighted in this article are also suffering. Lori and the City have no strategy to help. Heavy handed Covid restrictions by her and the Gov killed lot of the small stores, restaurants and bars. Without much capital to tide them over, the small entrepreneurs won’t be coming back. It is sad to say, but the African Americans, Hispanics and other minorities are the ones being hurt the most by this Mayor– who was supposed to be their savior.
If West Garfield park is revitalized, where will suburbanites buy their drugs? She’s got to run any plans for gentrification past the cartel first, they control the flow of drugs into the neighborhoods.
I understand there are a few whores who’d love to see the neighborhood revitalized; more traffic, more business! It’s a win win! Maybe someday we’ll have a casino!