-- 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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Suburbanites are engaging in a spontaneous, unofficial boycott of Chicago, particularly downtown. While, I haven’t been downtown in nearly a year, and other than a handful of trips into Edison Park, I haven’t been to north, south or west sides in three years, and few others have either. Realistically, I may never set foot in Lake View, Lincoln Park or Logan Sq. ever again. CWB said there 65 armed robberies on the north side in the last week where between 2-4 masked males jump out of stolen vehicle and mug pedestrians.
No thank you Chicago. No thank you.
I have a good friend who owns a corner dive bar in Boystown, it was my regular spot for many years. Unfortunately, I’ve decided not to attend their annual Christmas Party this year, I will miss it. I simply don’t wan to risk any “trouble”, so I’ll stay put in Evanston – and the crime in Chicago is now “bleeding” up into Evanston. The libs that run the place don’t seem to care…
Bullet-proof vests optional!
Much more dangerous is the right wording. Honest people are now not going downtown. It is over for now. Now gangs have taken over and will enjoy robbing and stealing from the stores till they all close, and the will.