-- Connecting the dots between our economy, government and business --
In all, the General Services Administration says it’s willing to sell 11 properties in Chicago. The biggest of them is the Kluczynski Building, at 230 S. Dearborn St., which has more than 1.1 million square feet of office space. Kluczynski tenants include the district offices of U.S. Senators Dick Durbin and Tammy Duckworth.
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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
More migrant housing opportunities to revitalize the loop.
It will be a tough sell.
“U.S. Rep. Mike Quigley, D(umbass)-Ill., who boycotted Trump’s address to a joint session of congress Tuesday, strongly criticized the decision to close so many large federal buildings” Mike is too much of a leftist cuckold to handle the truth. He could have joined in the feckless ‘orgy of vanity’ that was the lost left’s response to the progress report. “It makes sense to right-size on occasion, but this just isn’t the way to do it – sort of indiscriminately, without any thought, any analysis, any study,” Quigley said. Typical bureaucrat’s response to calls for action. Let’s spend years and millions… Read more »
And DJT will be accused of pocketing the funds
This is fantastic! The only office the Feds need in Chicago is one for the US Attorneys who investigate all of the corruption. It would be nice if the Feds posted mugshots of everyone convicted of political corruption in the last 50 years on the lobby glass walls facing outward towards Dearborn Street so anyone walking by can see the Illinois and Chicago Corruption Wall of Shame. This would be similar to big game hunters hanging animal trophy heads on their walls after a successful hunt. The Federal Plaza Post Office would make a great restaurant or food court. Oh… Read more »
You have to know things are bad when the Feds are pulling up stakes too.
How poetic it would be for Durbin/ Ducksworth to turn the key to their office one morning and find the place packed with new residents- illegals, trans activists and welfare recipients all snuggled in and not leaving.
I highly doubt Durbin or Duckworth visit those offices.