-- 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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Like a lot of other things. JB hasn’t considered the lost work in the industries that make these shows happen. He’s really decimating all areas of employment in this city. What a mo.
His privilege doesn’t require him to consider silly things like bringing in a paycheck and paying bills
These conventions ain’t never coming back. McPier is going be stuck with the car show, craft shows and winterwonder land. Sad.
All JB’s fault.
They don.t want to get killed! and they will not be back.