-- 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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Court-case is entirely appropriate. Chicago is violating its own zoning laws by placing multi-family congregate housing on commercial parcels not zoned for such land-use. City is not exempt from its planning and zoning regulations. Only religious worship facilities get special permission to violate land-use categories. Get a zoning attorney..
Nothing makes my little heart sing more than watching people have to face the consequences of their bleeding-heart voting practices.
Mayor BJ borrowing a tactic from Governor Blowhard. If you don’t agree with the law, just do what you want and wait for the liberal court to rule in your favor.