-- 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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FRAUD ALERT: Chicago Says Record Number Of Tourists Visited The City Last Year — REALLY? — Were They Counting Illegals As Tourists
Yup, stats apparently include new migrants bused to Chicago from Texas, because there’s certainly less foot-traffic at Chicago O’Hare International Terminal.
By the way, International Terminal is an embarrassment. Dirty, haphazard, duct-tape everywhere, certainly not “best foot forward” welcome for international visitors.
80% of 2019? Nonsense, I don’t believe this for a second. Who are the 50,000,000 tourists that allegedly visited Chicago? Are the visiting Schaumburg or Orland Park? Am I called a tourist when I leave Cook County to go to DuPage County to visit Oak Brook Mall?
Getting to 80% of pre-Covid number is no success, IMO.