-- 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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The city is going to get stiffed by the Bears!
I thought this was a non issue! Lori said they’re staying at Soldier! Huh ? Ya mean Lori lied to us!
They will be sorry they did not move out of Illinois completely one day all too soon.
The wisest move for the Bears is to move to northwest Indiana and enjoy all the freedom that Indiana provides and Illinois does not to run the business as they see fit and still call themselves the Chicago Bears. The Ney York Jets and Giants play in New Jersey but still use the moniker New York.
Another example of inept fools running a city. What to do with Soldier Field? Dismantle it and haul it to a metal Shredder on the South Side. Metal, Asbestos and old mob hits gone!