-- 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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The democrats are not happy unless they suck every hard earned penny from taxpayers to satisfy their egos. Just another example of the incompetence of Obammy and his groupies
Take a look at what is the “King Center” in Atlanta and you will see the future of the Obama Center.
Just another Democrat bungle. The building resembles the correction center in Chicago. The cement already shows cracks. Very symbolic! Convert to public housing? I said it in 2016 and I’ll say it again. Obama isn’t ever coming back to the city that gave him his start. That’s how he shows his gratitude. Maybe Chicago is too dangerous for him!
Presidential libraries (which it’s not either) are no taxpayer funded.
Without power I guess he can’t get his crony crooks to donate more.
Maybe he should talk to Hunter
Let Pharaoh pay for his own edifice. It’s bad enough he stole public land to build it and taxpayers will be on the hook for it’s staffing and maintenance, now slick, smilin’ Barry wants them to bear the construction costs as well? Let him write another book to sell to the sheep and sell a couple of the three mansions he has, if he has two nickels to rub together after Mike dumps him. One way ticket back to Palookaville for this guy.
And, it’s not even a Presidential Library!
It’s a social services center under the guise of a library for people that can’t read, don’t want to learn how to and need a hangout while they should be working.
Good God. They let them build this stupid thing without all the money available upfront? Who does crap like this, nobody else would have been allowed to take this land and then start without the money available. Gotta be a law or two broken to get this far and say…”shoot, ya know what, I don’t have the money to finish…oops”. I sure do not want any of my tax dollars or anyone else’s for that matter going to pay to finish this thing…maybe Obummer and Mike can pony up the cash…maybe sell the Martha’s Vinyard place…
The financing of this building makes Trump’s finance deals look like Mother Teresa!
After eight years of Barry’s administration incompetence, with multiple bailouts of Barry’s pals like the ones that ran the green energy fraud that was Solyndra, sticking taxpayers with the bill for this hideous paean to Soviet architecture would be oddly appropriate.
Titan II missile silos have more architectural appeal than the Obama temple of fealty.
Chicago’s lakefront parks have been protected since 1836 by “forever open, clear and free” legislation that has been affirmed by Illinois Supreme Court in four rulings. Barack Hussein Obama and his gang of Democrat thieves stole this parkland from Chicago’s children now and future. Tear down this monstrosity and give back the land to the people. Obama could have build on mostly vacant land next to the park but instead he chose to steal land from every person in Chicago.
Wish I could give you more thumbs up!
How about letting Barry pony up any shortfall? What a revolutionary idea!
Hmm….I think it was built on forest department land therefore its upkeep can come out of their budget which is shown on your property tax bill
Taxpayer bailout – for Obama again? He was bailed out when interest rates were held at 0% during his presidency, the dollar was held at very weak levels, and there were huge budget deficits. The guy is a perpetual bailout machine, as his policies never worked.
Now that I think of it, the ugly thing looks less like something out of Star Wars and more like a Black Hole for money. Or a giant cash cow for the connected.
I think of it as a symbol of all the big cement foundations placed in farmland to support windmills. Eventually the windmills will be obsolete (perhaps they already are), but demolishing the foundations will probably be impossible.