-- 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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despair and decay
The next thing for downtown is a community center for teens and young adults. It will be wildly successful.
This article is pure propaganda and wishful thinking: merely re-imagining the loop in residential and retail ‘experiences’ will solve the downtown Chicago’s woes. The article doesn’t even address vaccine mandates or the frustration with the city for encouraging ‘mostly peaceful’ protests all last year. The city was on life support between March and August but that second round of rioting put the city into a death spiral. Most people I know have abandoned Chicago, refuse to get back on crowded trains, and have no desire to return to 45 minute commutes – each way – to sit at a cube… Read more »
I see you blame Lori but would any other of the 16 Demonrats that ran for mayor done anything differently? They all take their marching orders from above. That’s the Demonrat’s biggest strength, they stand firm, together, unwavering from the narrative no matter wrong, destructive or asanine it is. The only way to remove them is to vote them out but judging by my braindead IL neighbors that appears hopeless. That only leaves voting with your feet.
Maybe those 16 other candidates would have done things differently. I can almost certainly say that Rahm would have done things differently for sure if he were still here. I bet he’s happy as a clam to avoid being mayor during covid, what good luck that man has. But these are hypotheticals. In the real world the buck stops with the mayor – Lori Lightfoot. And by all measures, she’s been a complete failure. I could list 100 or more decisions she’s made that made Chicago worse off by any objective or subjective measure. Her doubling-down on bad ideas over… Read more »
For starters more pawn shops/wig stores/resale shops/used catalytic converters stores (a bunch converters were just stolen in Rockford) /pot stores/$1.25 stores due to inflation/broken store window repair shops/graffiti classes/and plywood stores-lot and lots of plywood.
https://www.mystateline.com/video/multiple-catalytic-converters-stolen-from-barbara-olson-center-of-hope/7397302/