-- 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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If the Loop comeback is already in full swing, the thugs are already salivating!
“It’s always an important issue that got a little out of hand after the pandemic and with the
murderdeath of George Floyd from a drug overdose while resisting arrest”Thank you!
Everytime I read MURDER I cringe. He died of an overdose, he wasn’t murdered.
LOL, this is gaslighting at its finest. I see the train traffic, I live near a stop. It’s 1/4 to 1/2 was it was when I took the train four years ago. Store fronts are closed everywhere and office buildings are going into foreclosure because of high vacancies….how in the world can “workweek foot traffic [hit] 91% of pre-pandemic levels while zooming to 107% of 2019 weekend numbers.” It this hoodlums and youths wander throughout the loop? are the quadruple counting the same vagrant as he pan handles for food? Where are these people coming from and going to…if they… Read more »
Perhaps the added in the numbers during a wilding, “ funnin”, non- demonized event.
I remember going downtown as a grade school kid in the ’60s. People everywhere. Getting crushed by the crowds waiting to cross at State and Madison. Busy stores up and down State. Now I get to the Loop a couple times a year on my way to trade shows and I assure you the foot traffic and street level activity comes nowhere near to what it was. The way it’s going I’ll soon be able to find street parking in the middle of the day.