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.
Thanks to lori for choosing the domestic terrorist Marxist blm organization over the safety of Chicago citizens. Lori and her machine hacks have given Chicago to the permanent victim class. Chicago is over. There is no coming back.
Landlords will start defaulting on mortgages. New construction will stop due to it not being needed. Downtown retail businesses will close up due to former local renters shopping elsewhere. Tourists/visitors already avoid the city. Chicago will collapse soon but suburbs may get a short term boost until Illinois itself collapses. This isn’t complicated. You just have to think about how “A” impacts “B” and “B” impacts “C” and so on.
Screw Chicago, get out of Illinois as soon as possible.