-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Solution, wig shops, nail salons, fish store and a couple of storefront churches. Michigan Ave will be back!
Could it be that most of the pedestrian impressions could just be Brandon’s “yutes” or illegal migrants that are housed in that area? Could it be that business people are smart enough to figure that out, and also understand that those groups largely choose to steal rather than purchase things legitimately?
The numbers are completely fake propaganda…
Like the politicians