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.
As Richard Crenna said in First Blood, “It’s over, Johnny, It’s over!” It’s bittersweet since I went to IndyCar races there from 2001 to 2010, but track management and NASCAR chased out IndyCar and my wife and I stopped attending. I remember how arrogant the track was in 2001 requiring a customer buy a “Track Pack” of tickets to all four races held there. The cheapest seats were $150 iirc. I used to buy IndyCar tickets from NASCAR fans who wanted to make some money back. By the time we left Illinois in 2017 the track was offering 4 NASCAR… Read more »
Now it can host equestrian events!