-- 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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LoL!
Truly is One Flew Over the Cuckoo’s Nest.
A break out decade? Wow are your standards low! From one Leftist shit hole to an only slightly less Leftist shithole!
Delusional
Compared to California Chicago looks good I guess. Bunny crap compared to horse crap looks good too.
“Finally seeing light at the end of the pandemic’s long, dark tunnel, my mind can’t help but wonder: how is this great city going to remake itself yet again?”
Mr. Kosin, if you want to see Chicago’s future rent a car and take I-90 to I-94E until it dead ends at another big Midwestern city in Michigan that’s on a river that leads into a lake. Just make sure you arrive in the daylight.
Someone is high on drugs.
I wish him the best, but this is more of an indictment of California than an endorsement of Illinois.
This guy makes bad decisions all around, first moving to CA right as its decline accelerated, and now he’s returning to Chicago? And he’s a ‘writer’ too? He’s in his 30’s and he decided to start his life over, *again*, in Chicago, due to a naive and incorrect belief that Chicago is suddenly going to bloom again, contrary to all of the census data showing residents fleeing the state? What a moron.
I’m all for optimism, but a cautious optimism. There’s a reason why Pollyanna is a children’s book. As an adult you need to be realistic about the facts on the ground. The author focuses on “Gee, once the “pandemic” restrictions are removed, Chicago will be awesome!” without looking at:
The clue bat is going to hit Mr. Kosin very hard.
Very true, maybe Mr. Kosin has to overlook all of that because he’s returning to Chicago. To live in his parent’s basement!