-- 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 can’t understand why Chicago thinks its mag mile is so great, it is not. I visit many cities that have shopping that makes the mag mile look like a small town bazaar. Some of those cities were in Mexico as well.
Kissing up to blm failed. Tearing down the statues was going to make it all better. It’s time for a revolution. Lori and Sophia King gave into blm this is the result.
No weed stores on Michigan Ave? But what about Equity? Is this not inequitable? What can’t BIPOC buy weed on Michigan Ave? This is awfully racist.
What difference does it make?
Bummer!
No it will not become a pot paradise, but it will become a homeless paradise and carjacking city.
So much trafficking, pot smoking, and gang banging going on in those $80 a night hotel rooms at those fancy hotels.
Michigan Ave is over.
Chicago is over!!
Debtstor…. We can’t beat them, so we should join them… or take advantage of the crumbling situation… 1) Sell ad space on shops that are still boarded up (plywood = $$$$) and 2) open a pot shop on Maple & Ash and call it Maple & Hash – .$$$$$ … We’re in the money…. (I couldn’t resist)….