-- 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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What a JOKE
Villegas, Haden and King are pro criminal, pro domestic terrorist blm supporters. King takes thousands from a developer who is trying to develop the Michael Reese project with free TIF dollars but talks like a poverty shill. These three need to resign. Their wards are also cesspools of crime.
What dumb idea! They cannot even pay their bill now.
Chicago run by democrats- The city just continues to waste away…
Why would they take $500 a month? Everyone in family is getting $1,400 soon, then of course every child in Chicago Public Schools is getting $450 a month for food, and SNAP and section 8 and no payments for city stickers, tickets, water bills, heat free school lunches and computers and no evictions
Yes yes yes! Soon the city will be filled with all the poor residents because the tax payers will leave. This is what it will take for Chicago to finally collapse.
Chicago won’t collapse until CME group and the like finally leave. Legacy markets are a joke. They have bankers hours and the prices are fake. More commodities are traded on paper than exist. When the wall street bets crowd targeted silver after GME, the crooks shorted two years worth of global silver production in a few hours. Grain markets are the same.
Chicago can withstand the loss of the CME group. The real pain will be when the professional services groups leave. A good chunk of downtown offices are occupied by consultants, lawyers, accountants, architects. The court closures, and now zoom court, have been devastating for downtown businesses and office. The mcdonalds across from the daley center has been closed, for good. Court may eventually come back in some form, for required appearances, but most of the court’s business will be done in the future over zoom. It makes no sense to force hundreds of people into downtown, and into cramped elevators… Read more »
The loss of cme would hurt more than you might think. Chicago would no longer be the home of the price of corn. What if it goes to China?
The price of corn is already in the cloud computing distributed around the world.
The CME group James Sandner died today. Hopefully now the CME will stop functioning poorly. Better things will hopefully come.
Thank you, I wasn’t aware of that