-- 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 downfall of retail in downtown and the Mag Mile has little to do with covid and everything to do with the blm enabling by Lori and downtown alderscum Sophia King who panders and voted to defund the police in the latest budget. The blood is on her hands. The feral predators are now ruining wild as they are protected by Lori and Sophia King. King specifically allowed the wildings along with the commander alderden of first district with no arrests. They must resign.
None of them are resigning. No, I don’t support them. Downtown has been declining for about 20 years. Lori is the final coffin, but it began with Daley.