-- 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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I’m sure tourists coming to Chicago will enjoy the experience of stepping over illegals sleeping throughout the airport. It will be the first and last thing they experience when they visit the great city. Was that what Condé Nast was talking about when they rated Chicago the top destination city?
Maybe top destination city for border jumpers.
USe vacant-hangars!Why not use underutilized space. Use cargo buildings for migrants hangar space forwelcoming centers.
instead of placing them in vestibules and foyers and hallways. Let them become accustomed to the Chicago experience; tax them for every cent they have! It could be millions in New Money