-- 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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It doesn’t matter to me or most other armchair fans where they play as long as the games are on TV. The team won’t have another season this exciting again for many years, so they better cut a deal soon while the interest is high!
The state of Illinois is a financial wreck. Pritzker will always find a way to tax the Bears no matter which municipality they may choose. The “Great Lakes Bears” could thrive in Indiana!
I can picture it now on Monday Night Football. Instead of the network showing the amazing Chicago skyline, we will get the billowing smokestacks of industry in Gary Indiana. Just imagine the hype videos to host the Super Bowl in their brand new stadium. I’m sure people all over the country can’t wait to visit NW Indiana. lol
Typical Jelly Belly response. Whatever the problem is, it’s always someone else’s fault or responsibility.
Bears should just leave and go to northwest Indiana where Democrats haven’t destroyed
This could be it. If JB lets the Bears leave IL, he may just get voted out.
If you’re right, I hope the Bears decide to move quickly, so at least we’ll have something to show for the loss.
I believe you could be right on that. My thoughts are that you could ask the Illinois voter budgetary statistics such as the pension funding and get a blank stare but ask them about the next upcoming Bears’ game and get flooded with data. The voting mentality of the Illinois voter is seriously something else but, most probably, they are products of the Illinois education system.
The Bears’ own projections show the need for over $1 billion of infrastructure costs, which they are hoping comes from taxpayers. Exactly which “local” governments have a billion to spend on a stadium? None, of course. Watch for the Bears to still be playing in Soldier Field in ten years.
“Watch for the Bears to still be playing in Soldier Field in ten years” Bingo!! They have a great home field advantage in Soldier Field. It was incredibly loud in that stadium Saturday.