-- Connecting the dots between our economy, government and business --
State Rep. Joe Sosnowski, R-Rockford, has introduced a pair of resolutions, House Resolution 627 and House Resolution 742, in support of a new, larger stadium in Arlington Heights that could drive economic activity for the region. “I think you've got an opportunity for ancillary private sector development to happen, which adds to the overall economic engine of what an NFL team can provide to a state,” Sosnowski said. “A stadium that can host a Super Bowl, the NCAA Finals, and other major events, that’s obviously something that is important.”
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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