-- 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 wonder if the stairways in these LaSalle street building will smell of urine like they did in Cabrini Green?
How do you think all this talk is affecting the office leasing market on LaSalle Street?
Kiss the Chitty of Chicago Goodbye- It is DOA.
You will look back at today as the good old days.
Cabrini Green 2023
Go with what you know….
Good Times.
Any time you meet a payment.
Good Times.
Any time you need a friend.
Good Times.
Any time you’re out from under.
Not getting hassled, not getting hustled.
Keepin’ your head above water,
Making a wave when you can.
Temporary lay offs.
Good Times.
Easy credit rip offs.
Good Times.
Scratchin’ and survivin’.
Good Times.
Hangin’ in and jivin’*
Good Times.
Ain’t we lucky we got ’em
Good Times.
source: https://www.lyricsondemand.com/tvthemes/goodtimeslyrics.html
Turning LaSalle Street into low income housing is an admission of something….
you voted for equity, you’re gonna get equity good and hard!