-- 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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Blm has caused this nonsense. As soon as Lori and Foxx gave into the looters, arsonists and rioters, they knew they had free reign. Then Sophia King and Lori decided to give into the blm terrorists and antifa and remove the Columbus statues, the feral predators knew they have won. There is no putting the genie back in the bottle. Chicago is finished. They have traded the economic viability of the third largest city in America in exchange for south and west side votes.
From strictly business and political points of view, there is no need for Chicago to improve. The city’s very demise offers plenty of opportunity to a variety of speculators, hustlers, gangsters and politicians. This is the way they like it, all to be sold as scrap.
Biden sending a Blue Ribbon Task Force to address Chicago gun trafficking! Lol, just another dog and pony show! Chicago is struggling with gun violence! Yea, OK! When’s the Dinner Dance ?
Remember Lightfoot didnt want any help when President Trump offered it but she/it will bow down before the imposter biden.
But but Brown says we are making progress, NO not.
They all lie and say Chicago is great! Has come back to life! Yet every day on all the conservative news networks give lots of air time showing what a dump Chicago has become. The second round of riots did it for me. I abandoned Chicago and I know dozens of others who feel the same. Not sure where the growth in Chicago will come from when everyone I know who used to go to Chicago now refuses to go down there.
There clearly appears to be a significant amount of flight to the suburbs or away from Illinois entirely. The people moving must, by and large, bring good if not sizable incomes (it would be great to see the data as circumstances evolve). Two points: 1) Lightfoot is not a politician, and is incapacitated by her left wing politics, but she is not stupid. Lightfoot and her finance team have to know what is coming. The productive part of the tax base has already eroded, and who knows where it will stop? 2) Detroit’s woes are due to multiple factors, but… Read more »