-- 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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Soon to be a Ghost town. The working class is going to pay lots and lots of taxes. The businesses are fleeing for greener pastures. Citizens are voting with their feet.
This is all Lori’s work. She finds it theraputic to destroy! She looks in the mirror and goes into spit rage at the hand she’s been dealt. Unrestrained she’d be murdering people left and right. Her security apparatus is there to protect the public.
Yep, she’ll be remembered as the Coleman Young of Chicago. When she’s gone all she’ll leave us is alone….
The Chitty of Chicago is dying of cancer. Each day it gets worse. Cops do nothing to stop crime and people are fleeing for their lives. One of the best Cities is not a Schmitt mine.
Greedy lazy government workers have destroyed the quality of life for the private citizens.
High taxes, high crime, bad schools and Ken Griffen leaves and many to follow his lead.
The Old Navy store will now be affectionately known as
“Old Empty””
Many people think that theft/damage insurance is like magic fairy dust. This is what happens in reality.
We are witnessing in real time an historic collapse of the downtown of what was once one of the greatest cities in the world. LaSalle Street, Michigan Avenue and State Street– the three premier addresses for businesses in a world class city– all imploding. And what has been the positive trade off? Not one darn thing. The middle class isn’t better off. The poor aren’t better off. “Equity” for everyone means nothing for nobody. Chicago will be a case study in disaster in Econ, Sociology and Urban Planning classes for decades to come just like Detroit. Chicagoans better throw the… Read more »
Destruction is the point. The progressive ideology espousing equity is mere window dressing. Lori and her ilk just want to watch the entire thing burn down because they are angry, hateful malcontents.
Lockdowns, vaccine to work requirements, masking everywhere, working at home, and crime fears have stopped people, especially suburbanites, from going downtown. Funny how businesses and restaurants are booming in states that didn’t have all those restrictions, like FL, GA, and SC, where we’re living.
Yup. My wife and I bolted to FL during the lockdown, the hysterical medical tyranny was out last straw, now we spend 6 months a day there, my wife more. I still have a business in IL but made the footprint as small as possible and farming more work to FL consultants. So now I can make money off IL while paying almost no income tax to IL while building the future in FL. Thank you Democrats, I should have done this sooner. I will scrape every last cent I can out of that declining state while paying you as… Read more »
Well Done, Patriot
RIP State Street — Give credit to the Black Lives Matters Rioters, Looters And Arsonists — For Making It Easy For GAP To Dump Its Downtown Location