-- 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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Have they finished counting the shot and dead yet from this weekend?
Business leaders? McPier and Univ of IL are public sector and part of the problem; IIT suckles off the taxpayer teat too. Chamber of Commerce and Commercial Club are sycophants who helped cause this mess. The rest are deviant IL Democrat/communist politicians. Everyone in the photo was a supplicant, grifter, public employee or public union thief present like loyal starving dogs at BJ and JB’s demand. Sorry Miller, no real business leaders here. Don’t pi$$ in my boots and tell me that it’s raining. Most Chicagoan’s aren’t the foolish buffoons that clearly you think that we are. Miller, crawl back… Read more »
They only came because Putzger got down on his knees and begged.
Miller should have done a little more homework on who these folks are. None of these organizations have done a darn thing over the last fifteen years to combat crime, budget falsehoods or one party rule. Six university officials– all lefties. Jack Lavin– former Blago Democrat staffer. McCormick Place officials and tourism toadies– all Democrat appointments or dependent on City help. And the Crowns have so much at risk with their real estate ventures in the City that they certainly are not going to swim upstream against a Dem Governor and mayor. I don’t see a single truly independent voice… Read more »
Spot on. From what I can tell, ordinary business people in Chicago would are fine with some National Guard or federal help. They don’t want some full takeover by feds, but that’s not in the cards anyway. Miller got this one wrong.
The connected people spoke but one thing wasn’t mentioned and that is the way things are being done currently are not working therefore while we can appreciate their opinions change is needed to return the Chicago streets to ones safe for the Chicago citizens and visitors.