-- 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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Makes sense if you know anything about the WK Kellogg Foundation and the Kellogg culture. Further left, compliant and woke than Joyce and Obama Foundations. And is saying Chicago is better than Battle Creek and Kalamazoo really a win ?
Maybe Chicago suburbs are safer than Battle Creek, MI when it comes to housing. Most MBA grads who can’t find jobs in Silicon Valley prefer the North Shore, particularly if they can work from home most of the time. Besides, the N’western MBA school is already named Kellogg.
What incentives are being handed out?
Bingo, everyone will be looking for a handout now.
Suggest anyone with Kellog stock sell immediately. Their executive board is obviously insane.
Did Kellogg find a 1950’s tour guide to Chicago and think it was current?
Kellogg is merely following the Michigan to Chicago pipeline.
Great strategy, emulate a 22 year old.
What are they thinking?
Well, at least there’s plenty of office space available.